Russia is set to lease a nuclear-powered attack submarine to India for 10 years under a US$3 billion contract signed by the two countries on Thursday, March 7.
The submarine will be a Project 971 or Akula-class ship which will be named Chakra III in Indian service.
Delivery of the nuclear-powered submarine, the third such ship that Russia will lease to the Indian Navy, is scheduled for 2025.
A senior Indian Navy official has confirmed that Chakra III will be fitted with Indian sensors and communications systems under the lease contract.
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