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Russia sealed $2.9 billion of
weapons contracts with India
as President Vladimir Putin
visited his nations top arms
customer for the first time
since returning to the Kremlin
in May.
Deals include supply of kits
worth $1.6 billion for
Hindustan Aeronautics Ltd.
(HNAL) to assemble 42
Sukhoi Su-30MKI jets, made
by United Aircrafts Irkut
Corp., and 71 MI-17 V-5
helicopters worth $1.3 billion,
according to the Kremlin.
India, the worlds largest arms
importer in 2011 according to
the Stockholm International
Peace Research Institute ,
has at least doubled its
defense budget over the last
decade as it looks beyond a
traditional rivalry with
Pakistan to counter Chinas
rising power. Russian-Indian
defense cooperation is at an
unprecedented level, then-
President Dmitry Medvedev
said a year ago after Singh
visited Moscow.
Russia , has dominated
weapons sales to India. In the
past decade, 77 percent of
Indias defense imports came
from Russia, while 2 percent
came from the U.S.,
according to a June 2012
report by the Center for
Strategic and International
Studies, a research institution
in Washington.
Then-Defense Minister Anatoly
Serdyukov said Oct. 10 that
Russia planned to sign a deal
to ship 42 Sukhoi jets to India
by the year-end, the RIA
Novosti news service reported.
India has already received
about 150 Russian jets,
according to the Moscow-
based Center for the Analysis
of Strategies and Technologies.
India also inducted a Russian-
built nuclear-powered attack
submarine into its navy in
April, while state-owned
Rosatom Corp. is helping the
Asian nation build an atomic
power plant.
India has been Russia-
oriented for a long time,
Barry Watts, a senior fellow at
the Center for Strategic and
Budgetary Assessments, a
public policy group in
Washington, said in a
telephone interview. New
Delhi likes that Moscow is
more willing to share weapons
technology, even if its not
the most advanced, Watts
said.
Still, the U.S. dominates
global arms sales, accounting
for $66.3 billion in 2011,
according to an Aug. 24
report by the Congressional
Research Service . That was
the highest single-year total in
the history of the countrys
arms export program and
more than triple the $21.4
billion in deals from 2010,
the report showed.
The U.S., since 2001, has sold
India about $8 billion of
military weapons and gear,
including Lockheeds C-130
and The Boeing Co. (BA) s
C-17 cargo planes, according
to the CRS report.
Indias Defense Ministry last
month selected 22 Apache
attack helicopters and 15
Chinook heavy-lift choppers
made by Boeing in an order
valued at $2.4 billion.
India this year chose the
Rafale fighter aircraft made by
Paris-based Dassault
Aviation SA (AM) for an $11
billion, 126-plane order
instead of offerings that
included Lockheeds F-16 and
Boeings F-18.
Russian defense-industry
exports have exceeded $14
billion this year, higher than
the governments target, Putin
said last week. The country
has signed new contracts
worth $15 billion in 2012, he
added.
Russias arms trade with India
will develop more actively
after the visit, Yuri Ushakov ,
Putins foreign-policy aide,
said Dec. 18 in an interview.
Putin Signs $2.9 Billion Indian Deals in Trip to Top Arms Buyer- Bloomberg
weapons contracts with India
as President Vladimir Putin
visited his nations top arms
customer for the first time
since returning to the Kremlin
in May.
Deals include supply of kits
worth $1.6 billion for
Hindustan Aeronautics Ltd.
(HNAL) to assemble 42
Sukhoi Su-30MKI jets, made
by United Aircrafts Irkut
Corp., and 71 MI-17 V-5
helicopters worth $1.3 billion,
according to the Kremlin.
India, the worlds largest arms
importer in 2011 according to
the Stockholm International
Peace Research Institute ,
has at least doubled its
defense budget over the last
decade as it looks beyond a
traditional rivalry with
Pakistan to counter Chinas
rising power. Russian-Indian
defense cooperation is at an
unprecedented level, then-
President Dmitry Medvedev
said a year ago after Singh
visited Moscow.
Russia , has dominated
weapons sales to India. In the
past decade, 77 percent of
Indias defense imports came
from Russia, while 2 percent
came from the U.S.,
according to a June 2012
report by the Center for
Strategic and International
Studies, a research institution
in Washington.
Then-Defense Minister Anatoly
Serdyukov said Oct. 10 that
Russia planned to sign a deal
to ship 42 Sukhoi jets to India
by the year-end, the RIA
Novosti news service reported.
India has already received
about 150 Russian jets,
according to the Moscow-
based Center for the Analysis
of Strategies and Technologies.
India also inducted a Russian-
built nuclear-powered attack
submarine into its navy in
April, while state-owned
Rosatom Corp. is helping the
Asian nation build an atomic
power plant.
India has been Russia-
oriented for a long time,
Barry Watts, a senior fellow at
the Center for Strategic and
Budgetary Assessments, a
public policy group in
Washington, said in a
telephone interview. New
Delhi likes that Moscow is
more willing to share weapons
technology, even if its not
the most advanced, Watts
said.
Still, the U.S. dominates
global arms sales, accounting
for $66.3 billion in 2011,
according to an Aug. 24
report by the Congressional
Research Service . That was
the highest single-year total in
the history of the countrys
arms export program and
more than triple the $21.4
billion in deals from 2010,
the report showed.
The U.S., since 2001, has sold
India about $8 billion of
military weapons and gear,
including Lockheeds C-130
and The Boeing Co. (BA) s
C-17 cargo planes, according
to the CRS report.
Indias Defense Ministry last
month selected 22 Apache
attack helicopters and 15
Chinook heavy-lift choppers
made by Boeing in an order
valued at $2.4 billion.
India this year chose the
Rafale fighter aircraft made by
Paris-based Dassault
Aviation SA (AM) for an $11
billion, 126-plane order
instead of offerings that
included Lockheeds F-16 and
Boeings F-18.
Russian defense-industry
exports have exceeded $14
billion this year, higher than
the governments target, Putin
said last week. The country
has signed new contracts
worth $15 billion in 2012, he
added.
Russias arms trade with India
will develop more actively
after the visit, Yuri Ushakov ,
Putins foreign-policy aide,
said Dec. 18 in an interview.
Putin Signs $2.9 Billion Indian Deals in Trip to Top Arms Buyer- Bloomberg
