Russia Hoping For Nine Billion Dollars Of Indian Arms Contracts

Russia Hoping For Nine Billion Dollars Of Indian Arms Contracts

Russia Hoping For Nine Billion Dollars Of Indian Arms Contracts

India and Russia have increasingly been developing joint defence projects, with some production already carried out in India under licence, including of Su-30 MKI fighter jets and T-90 tanks (pictured).
by Staff Writers
Moscow (AFP) Mar 17, 2006
Russia has sold 10 billion dollars (8.2 billion euros) of arms to India over the last five years and contracts worth nine million are in the pipeline, Russia's Deputy Prime Minister Alexander Zhukov said Thursday.

"Contracts worth some nine billion dollars are in various stages of preparation," Zhukov said in an interview with the news agency Interfax.

"In the last five years, the total of military equipment exports to India has surpassed the 10 billion dollar mark," he said.

Moscow has been India's main foreign arms supplier for decades.

Moscow and New Delhi signed an accord last December on joint development and production of various state-of-the-art military projects.

"The new generation of transport aircraft and fifth-generation fighter aircraft are two projects of this type," Indian Prime Minister Manmohan Singh said then after talks with Russian President Vladimir Putin.

India and Russia have increasingly been developing joint defence projects, with some production already carried out in India under licence, including of Su-30 MKI fighter jets and T-90 tanks.

They are also cooperating on a new anti-tank missile asnd have already been jointly developing military hardware such as the BrahMos cruise missile, electronic warfare systems and anti-terrorism hardware.

Source: Agence France-Presse