Lord Of Gondor
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Actually we have a habbit to pay more for defence products and over this we also like to do corruption....
Its not new. They were offering us when the news of Project 75I came into light. Italy is trying to sell S1000(Russia/Italy JV) while Russia is trying to sell Amur as they won't have to share the sale with Italians and they always sell their best to their Indian partners.
No it doesnot cost that much. Its cost is not sure as no single unit has been built yet but estimated cost if sold will around 400-450 million$ while U214 cost around 500-550 million$ per unit.
Indian government has sanctioned 11 billion$ for this project which involves setting up of a new manufacturing line, training and tech transfer. Also we won't be spending the whole amount. Government has made sure that their is no delay because of lack of funds in short government has alot more than enough funds. It is simialr to MMRCA, 9 billion $ + 2 billion extra but if we will select rafale we won't have to spend all the money.
I hope we opt for Russian or German firms and we should consider a direst purchase of 6 from the vendor so as to stop this depletion...