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NEW DELHI: India on Monday inked mega defence deals worth almost Rs 25,000 crore with Russia, including ones for 42 more Sukhoi-30MKI fighters and 71 additional Mi-17 V5 helicopters.
Russia has also assured India that "technical problems" in the nuclear-powered submarine INS Chakra will soon be sorted out. INS Chakra, the Akula-II class attack submarine leased from Russia for 10 years at a cost of around $1 billion, has been dogged by some technical glitches ever since it was inducted barely a year ago, as was first reported by TOI last week.
The new deals, which came at the summit meeting between PM Manmohan Singh and Russian President Vladimir Putin, again reinforce Russia's position as India's largest defence supplier despite fresh challenges being mounted by Israel, France and US.
The deals were cleared by the Cabinet Committee on Security last Friday. The 42 new Sukhois, to be produced under licence by defence PSU Hindustan Aeronautics, will add to the 230 Sukhois earlier contracted from Russia. Overall, the price tag for the 272 Sukhois - three of the over 170 inducted till now have crashed - stands at over $12 billion.
The medium-lift Mi-17 V5 helicopters (59 for IAF and 12 for home ministry/BSF) will add to the 80 such choppers already being inducted under a $1.34 billion deal inked in 2008.
The value of India's defence projects with Russia will further zoom north after the imminent inking of the final design contract for the joint development of a futuristic stealth fifth-generation fighter. This R&D contract is itself pegged at $11 billion, to be shared equally by the two countries.
So, if India inducts over 200 of these 5th Gen fighters, as it hopes to do from 2022 onwards, the overall cost of this gigantic project for India will come to around $35 billion since each of the jets will come for upwards of $100 million at least.
India remains unhappy with Russia for not sticking to delivery schedules, jacking up costs midway through execution of agreements, creating hurdles in the ways of transfer of technology and not providing proper product and spares support.
India, for instance, has also sought Russia's firm assurance that INS Vikramaditya, the refurbished 44,570-tonne Admiral Gorshkov for which a revised cost of $2.33 billion has been paid, is not delayed beyond the already much-delayed deadline of November 2013.
India will not order more than 272 Sukhois but a plan to convert a bulk of them into 'Super Sukhois' in the years ahead with more advanced avionics, weapons and AESA (active electronically scanned array) radars is in the pipeline.
India, Russia sign defence deals worth Rs 25,000 crore - The Times of India
Russia has also assured India that "technical problems" in the nuclear-powered submarine INS Chakra will soon be sorted out. INS Chakra, the Akula-II class attack submarine leased from Russia for 10 years at a cost of around $1 billion, has been dogged by some technical glitches ever since it was inducted barely a year ago, as was first reported by TOI last week.
The new deals, which came at the summit meeting between PM Manmohan Singh and Russian President Vladimir Putin, again reinforce Russia's position as India's largest defence supplier despite fresh challenges being mounted by Israel, France and US.
The deals were cleared by the Cabinet Committee on Security last Friday. The 42 new Sukhois, to be produced under licence by defence PSU Hindustan Aeronautics, will add to the 230 Sukhois earlier contracted from Russia. Overall, the price tag for the 272 Sukhois - three of the over 170 inducted till now have crashed - stands at over $12 billion.
The medium-lift Mi-17 V5 helicopters (59 for IAF and 12 for home ministry/BSF) will add to the 80 such choppers already being inducted under a $1.34 billion deal inked in 2008.
The value of India's defence projects with Russia will further zoom north after the imminent inking of the final design contract for the joint development of a futuristic stealth fifth-generation fighter. This R&D contract is itself pegged at $11 billion, to be shared equally by the two countries.
So, if India inducts over 200 of these 5th Gen fighters, as it hopes to do from 2022 onwards, the overall cost of this gigantic project for India will come to around $35 billion since each of the jets will come for upwards of $100 million at least.
India remains unhappy with Russia for not sticking to delivery schedules, jacking up costs midway through execution of agreements, creating hurdles in the ways of transfer of technology and not providing proper product and spares support.
India, for instance, has also sought Russia's firm assurance that INS Vikramaditya, the refurbished 44,570-tonne Admiral Gorshkov for which a revised cost of $2.33 billion has been paid, is not delayed beyond the already much-delayed deadline of November 2013.
India will not order more than 272 Sukhois but a plan to convert a bulk of them into 'Super Sukhois' in the years ahead with more advanced avionics, weapons and AESA (active electronically scanned array) radars is in the pipeline.
India, Russia sign defence deals worth Rs 25,000 crore - The Times of India
