India and Russia signed a US$3 billion deal for the lease of a third nuclear-powered attack submarine (SSN) which is likely to be in Indian waters by 2025 at the earliest. While the exact lease period of the new submarine is not known, sources indicated that it will be in service with India for at least 10 years. The Akula-class Russian submarine will be named Chakra III after its predecessors, and will be fitted with Indian systems.
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INS Chakra (Picture source: Indian Navy)
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