India and Russia to ink defence deals worth $4 bn | india | Hindustan Times
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India and Russia to ink defence deals worth $4 bn

india Updated: Mar 04, 2010 19:52 IST

India and Russia will sign defence deals worth $4 billion for purchase of 29 more carrier based MiG-29Ks as well as ink the final agreement for joint manufacture of fifth generation fighters during Prime Minister Vladimir Putin's forthcoming visit to India.

The umbrella contract would also include the final delivery agreement for the long-delayed aircraft carrier Admiral Gorshkov, under which New Delhi would shell out an additional $2.35 billion for the upgradation of the carrier and training of Indian naval crews, financial daily 'Vedomosti said on Thursday.

The Russian strongman would be in New Delhi on March 11-12 at the invitation of Prime Minister Manmohan Singh and in the course of this visit all three agreement are likely to signed, the paper said.

The carrier, which has been rechristened INS Vikramaditya is now scheduled to be delivered by 2013. India would pay another $1.2-billion for the new naval MiG-29K/KUB.

The new MiGs will be in addition to 16 jets already to be delivered under a contract signed in 2004 as part of the Gorshkov deal. The first of these maritime fighters have already been inducted by the Indian Navy.