Skull and Bones
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the question is do IAF want it or not in the first place, I don't know if Russia will let India join in the project or not, but surely Russia can sell it to India as bombers like Tupolevs are operated by IN & Russia have also sold bombers to China in the past.
Russia will sell anything given that you have the kind of money to afford it. And on topic, it won't be profitable for India to join hands with Russia for developing PAK-DA, as our requirements won't exceed 20-30, while they'll need more than 80 to replace their aging fleet of Bombers.
Buying off the shelf is more profitable.