iconimg Thursday, April 02, 2015

Jayanth Jacob, Hindustan Times
New Delhi, December 21, 2012
Ahead of Russian President Vladimir Putin's visit to India on Monday, the differences over Sistema investments between India and Russia have come to the fore yet again.

Russian ambassador to India Alexander M Kadakin maintained that Sistema, which found its 2G licence cancelled on the order of the Supreme Court, was not "a judicial matter but political".

Russians have been arguing that since India and Russia have a bilateral investment protection treaty, the Sistema investment should be insulated and protected.

New Delhi has, however, asserted that it is bound by the judgement of the Supreme Court in the 2G case. 

Though the commercial agreement for reactors 3 and 4 at Koodankulam are far from being signed, a dozen other pacts spanning areas such as defence, energy and space  are expected to be inked during Putin's visit on December 24.

He will be in India for the annual India-Russia summit.

Russia is keen on selling 42 Sukhoi SU-30MKI fighters worth Rs. 20,000 crore, 71 Mi-17V5 choppers worth Rs. 7,000 crore and providing long-term supply of 970 warplane engines.

The proposals to buy these weapons systems were discussed at the cabinet committee on security on Friday. However, it is not clear if the deals would be inked during Putin's visit next week.