Russia is ready to lease a second Project 971 Shchuka-B submarine to India for a period of ten years, a source in the shipbuilding industry told Interfax-AVN on Friday.
The decision has been made on leasing a second nuclear submarine, remarked the source. That may be K-322 Kashalot or another submarine of the Chakra class, he said.
The submarine will require profound modernization consistent with wishes of the foreign customer.
The submarine will be customized by the Amur shipyards. Modernization and testing of the submarine and training of the Indian crew will take three years. The Kashalot will be transferred to the Indian Navy in 2018, the source noted.
Russian shipyards prepared a Project 971 Nerpa nuclear-powered submarine for transfer to the Indian Navy in an earlier period. That submarine was leased for ten years at a price of $980 million. The acceptance document was signed in December 2011 and the submarine named the Chakra joined the Indian Navy on April 4, 2012.