03-04-2010, 09:54 AM
Russia, India to sign $4 billion military technical cooperation contracts
Quote:A $2.35-billion contract between Russia's state-controlled arms exporter Rosoboronexport and the Indian Defense Ministry on refitting the INS Vikramaditya (Admiral Gorshkov) and the $1.2-billion contract on delivery of MiG-29K/KUB carrier-based fighters will be signed during Putin's visit to India on March 11-12.
The Vikramaditya is currently undergoing repairs and refit at the Sevmash shipyard in Russia.
The initial refit agreement of $970 million went up to additional $1.5 billion India is expected to allocate to Sevmash shipyard which already expended the money that was allocated for the Vikramaditya's refit.
