Why $7.8 Billion Submarine Deal Is Tough For India And Japan Despite the close relationship between Prime Minister Narendra Modi and Shinzo Abe, Japan is hesitant to plunge into negotiations on submarine exports. by Isabel Reynolds, Iain Marlow and N. C.
Why $7.8 Billion Submarine Deal Is Tough For India And Japan Despite the close relationship between Prime Minister Narendra Modi and Shinzo Abe, Japan is hesitant to plunge into negotiations on submarine exports. by Isabel Reynolds, Iain Marlow and N. C. Bipindra, Bloomberg | Updated: Sep 14, 2017 12:21 IST Supplying submarine technology would lock Japan and India into a tighter defence ties for years to come. Story Highlights Japan hesitant to plunge into negotiations on submarine exportsIndia just started process of submarine procurement with Japanese builderUntil 2014, Japan had a self-imposed ban on defence exports Japanese Prime Minister Shinzo Abe holds his 10th summit with Prime Minister Narendra Modi today, underscoring the importance of strategic ties between the countries as the two face an increasingly assertive China. Supplying submarine technology would lock Japan and India into an even tighter defense relationship for years to come. Despite the close rela...