India signs $3 billion lease agreement with Russia for Akula class nuclear attack submarine

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Image Courtesy: The Print

With an eye to expand its influence in Indian Ocean India on Thursday signed a $3 billion (Around 21000 crore) lease agreement with Russia for acquiring Akula nuclear attack submarine. According to the deal signed Indian Navy will get Akula nuclear attack submarine by 2025 which will be named as INS Chakra III.

Till date India has acquired two nuclear class submarines from Russia on lease which includes INS Chakra in 1988 for three years lease and another INS Chakra in 2012 for ten years lease. According to sources it is said that India wants to extend its INS Chakra lease which is ending in 2022 to 2025.
The Chakra III submarine will be upgraded according to needs and requirements of Indian Navy further Indian Navy will also be provided with comprehensive package for renovation of nuclear submarine, maintenance and spares support for 10 years and will be provided with necessary training and infrastructure for its operations.

About Akula nuclear attack Submarine

1. Akula is a nuclear powered attack submarine built by Sevmash a leading nuclear submarine producing company of Russia.
2. The current operators of Akula nuclear attack submarines are Russian Navy and Indian Navy.
3. The Indian version of Akula which is known as INS Chakra is armed with 300 km range Club S nuclear capable missiles.

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