Russia has offered to lease another nuclear submarine to India if an agreement for the same is signed at the summit between the two nations in December.
The possibility of leasing a second submarine from Russia will be studied during India’s Defense Minister Manohar Parrikar’s visit to Moscow next week, Tass quoted a Defense Ministry source as saying Monday.
"Parrikar will hold talks on this strategic project with his Russian counterpart Sergey Shoigu. After the ten-year contract is signed another two or three years will be required for upgrading the submarine in keeping with India’s requirements," he said.
Negotiations on leasing Kashalot K-322 nuclear powered submarine of Shchuka project 971 are at the final phase, Tass reported quoting a Russian military source at the Russian Embassy in New Delhi as saying.
"If the contract is signed, it will be the third Russia-built submarine handed over to the Indian Navy," he said. "For the first time India leased a Russian nuclear submarine for ten years back in the early 1980s. In 2012 the Indian Navy leased Russia’s K-152 Nerpa submarine of project 971. This is a customary and well-tested way of cooperation by our countries in the military-technical sphere."
According to the Russian source, the submarine will undergo fundamental upgrade in line with the customer’s requirements at the Amur shipyards, where it is at the moment. The repair, upgrade and testing work and the Indian crew’s training are to be completed by 2018.
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Russia is expected to sign contract with India to deliver 154 Sukhoi T-50 (PAK FA) fighter jets during the upcoming annual Indo-Russian summit. The agreement, which will be under the joint FGFA initiative, will include work share and a commitment to the number of single-seat and double-seat aircraft, The Financial Express reported today
When Russian President Putin visits India on October 5, he is expected to oversee the signing of defence deals worth an estimated US$10 billion, the single-biggest bunch of defence contracts to be concluded at one time between the two countries. The deals include the US$5
India has signed various defense deals with Russia at Brics summit 2016 today, including the one to buy US$5 billion worth S-400 Triumf anti aircraft weapon system. Russia will start supplying advanced anti-aircraft defense system S-400 Triumph from 2020 to India, according to an agreement signed by Prime Minister Narendra Modi and Russian President Vladimir Putin at BRICS Summit,
India and Russia may have reached an understanding on three multi-billion dollar defence deals at the Intergovernmental Commission for Military- Technical Cooperation (IGC-MTC), which was held in Moscow yesterday. Indian Defence Minister Manohar Parrikar, who was in Moscow for the IGC-MTC, signed a military- technical cooperation agreement with his Russian counterpart Sergei Shoigu, news agencies reported without giving out details of the agreement
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