Ahead of India-Russia summit meeting between Prime Minister Narendra Modi and Russian President Vladimir Putin in Goa next month, officials of the two countries have accelerated exchanges to finalise several military equipment deals.
For instance, Russia is said to have submitted “a techno-commercial proposal” for supplying India with four multi-purpose frigates packed with sensors and weapons, including BrahMos supersonic cruise missiles, at the two-day Military Technical Cooperation Working Group (MTC-WG) meeting in New Delhi that concluded on Thursday. These frigates may cost up to $4 billion.
The MTC-WG also discussed other pending mega defence deals like the joint development of the fifth-generation fighter aircraft and Kamov Ka-226T light utility helicopters as well as the Rs 39,000-crore purchase of five S-400 Triumf advanced air defence missile systems.
Further, after several months of negotiations, India and Russia are said to be ready with a detailed work-share agreement for the joint production of a fifth-generation fighter aircraft (FGFA). Russia is said to have offered to share critical new generation fighter technologies as part of a deal that would include a production of over 100 FGFA in India.
Both Moscow and New Delhi are said to have agreed to incorporate a new company by October for the production of Kamov Ka 226 light choppers, which would involve significant private sector participation. The initiative could be on the pattern of the joint venture company that produces Brahmos cruise missiles.