Indian Navy's only nuclear-powered attack submarine, the INS Chakra, which was taken on lease from Russia, is believed to be on its way back to the country of its origin, people familiar with the development said on Friday.
INS Chakra, an Akula class vessel, was taken on lease from Russia in 2012. It was the second nuclear-powered attack submarine that India had taken on lease from that country.
The submarine is returning to Russia as its lease period is learnt to be coming to an end, the people familiar with the development said.
The first nuclear-powered submarine, also called Chakra, was taken in 1988 under a three-year lease from the then Soviet Union.
Some pictures of INS Chakra returning to Russia came out on social media. However, there was no official comment on the matter.
In 2019, India sealed a USD 3 billion deal with Russia for leasing another nuclear-powered attack submarine for the Indian Navy for a period of 10 years.
Under the deal, Russia will have to deliver the Akula class submarine, to be known as Chakra III, to the Indian Navy by 2025.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.