[QODLink]
Archive
India-Russia sign defence deal
India has signed a $1.5 billion dollar deal with Russia to procure a Soviet-era aircraft carrier.
Last Modified: 20 Jan 2004 11:51 GMT
The two countries have been traditional allies
India has signed a $1.5 billion dollar deal with Russia to procure a Soviet-era aircraft carrier.

The deal, signed on Tuesday, is the largest military contract between India and its main arms supplier since the 1991 breakup of the Soviet Union.

The deal includes overhauling the carrier Admiral Gorshkov and supplying 28 MiG-29 maritime jets and other components to India.

“World developments today insistently and persistently dictate the need to have a pooling of international efforts… so that we can… successfully confront challenges we face,” said Russian Defence Minister Sergei Ivanov after the deal was inked in New Delhi.

“It is within the framework of a strategic programme that we have signed an important serious landmark contract which is package deal for the shipment of… the heavy duty Admiral Gorshkov and a new batch of deck-based MiG 29 aircraft,” Ivanov added.

Close ties

Indian Defence Minister George Fernandes said relations with Russia were on “excellent tracks.”

“This visit will go down as a very significant milestone in our bilateral relationship,” Fernandes said.

The delivery of the 44,570-tonne Gorshkov is set for 2008.

The deal was signed after protracted talks between the Russian and Indian defence ministers.

But the deal is likely to be viewed with suspicion by Pakistan –India’s nuclear neighbour.

Analysts say Pakistan may seek to match Indian military prowess by seeking new arms, throwing the region into  another arms race.

Source:
Agencies
Topics in this article
People
Country
Featured on Al Jazeera
Italy struggles to deal with growing flood of migrants willing to risk their lives to reach the nearest European shores.
Israel's Operation Protective Edge is the third major offensive on the Gaza Strip in six years.
Muslims and Arabs in the US say they face discrimination in many areas of life, 13 years after the 9/11 attacks.
At one UN site alone, approximately four children below the age of five are dying each day.
Featured
Afghan militias have accumulated a lengthy record of human-rights abuses, including murders and rapes.
Growing poverty is strengthening a trend among UK Muslims to fund charitable work closer to home.
A groundbreaking study from Johns Hopkins University shows that for big segments of the US population it is.
Critics claim a vaguely worded secrecy law gives the Japanese government sweeping powers.
A new book looks at Himalayan nation's decades of political change and difficult transition from monarchy to democracy.
join our mailing list