Friday, 14 October 2016

BRICS summit 2016: India, Russia likely to sign major defence deals worth billions of dollars


India and Russia are set to strengthen their bilateral relationship by signing major defence deals worth billions of dollars on Sunday. The deal is being considered highly important for Moscow too as it tries to fight tough competition from the Americans and Europeans to continue being New Delhi's foremost defence supplier.

While India and Russia will sign a "complex agreement" for production of 200 Kamov, 226T helicopters domestically under a nearly USD 1 billion deal to replace the country's ageing Cheetah and Chetak choppers, a deal on naval frigatesis also likely. Russian media reports have said other major deals will be signed too. Read More : India News Headlines