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$5.6 billion S-400 missile defence systems purchase, a deal to manufacture 200 Kamov 226T helicopters worth an estimated $1 billion, 4 naval frigates estimated at $2 billion, a deal to manufacture 650,000 Kalashnikov AK-103 rifles in India and the purchase of 2 Il-78 transport planes which will form the platform for Israeli-made airborne early warning radar system. In addition, a $600 million upgrade proposal for the Indian Air Force’s fleet of IL-76 transporter and IL-78 aerial refueling aircraft is also on the cards.
While the S-400 deal is a certainty with the cabinet committee on security having cleared it and the naval frigates deal is a follow-on contract, the other deals could see commitments to get closer to potential contracts. For example, the Kalashniov AK-103 rifle could see the signing of an inter-governmental agreement (IGA) to make the rifles in India together with an Indian partner, most probably the Ordnance Factory Board.
The Kamov 226T ‘Make in India’ program for 200 helicopters is progressing with India’s HAL and Russian Helicopters having formed a joint venture for the purpose. The expected agreement will spell out the number of aircraft to be brought to India in a fly-away condition and the aircraft to be manufactured in India.
The Indo-Russian defence agreements come at a time when the United States has imposed sanctions against the Russian arms exporting agency, Rosoboronexport and Rostec, the holding company of various Russian arms manufacturers. In addition, the US has threatened to sanction India if it buys major Russian arms systems.
The sanctions already enforced against Russian entities will mean that Indian entities cannot use the US banking system to remit payments for Russian arms. Both countries are expected to find a way out of the situation by using currency of their own countries to make the payment to bypass the US banking system.
However, Washington is unlikely to impose secondary sanctions against Indian entities for buying Russian military equipment as such a move might impact New Delhi’s ability to pay for defence purchases from the US as well.
India and Russia are likely to sign $5.5 billion deal to purchase S-400 air defense missile systems from Moscow ahead of Russian President Vladimir Putins visit to India next month
India and Russia have formed a joint venture ‘India-Russia Helicopters to manufacture 160 multi-role helicopters for the Indian Air Force (IAF). India's Ministry of Corporate Affairs incorporated the India-Russia Helicopters Limited Company Tuesday
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 Indias Defense Minister Manohar Parrikars visit to Moscow next week, Tass quoted a Defense Ministry source as saying Monday
India and Russia have taken a significant step to boost Defence Cooperation at their first meeting of the India-Russia High Level Monitoring Committee (HLMC). The two-day meeting, co-chaired by the Defence Secretary Shri Vijay Singh and Mr Mikhail Dmitriev, Director, FSMTC from the Russian side, ended here today
Russias Krylov State Research Center (KSRC) has devised a new design concept for its future semi-catamaran aircraft carrier. The model of a future non-nuclear multirole aircraft carrier was presented for the first time at the Army-2018 forum in August this year
Russian state-run Tecmash defense enterprise (part of Rostec) is looking for possible partners for its project of advanced small-caliber multiple launch rocket system. Tecmash will soon present its project of an advanced small-caliber multiple launch rocket system soon, Tecmash Deputy Director General Alexander Kochkin was quoted as saying by TASS Wednesday
Lockheed Martin to Develop Extra-large Underwater Drone
Russian Navy to Sign Contract for 2 Additional Nuclear-powered Submarines
Japan to Manufacture Aircraft Parts in Malaysia
India, US to Seal $3B Worth Defense Deals Tomorrow
Mobile Phone Led Israelis to Destory Pantsir-S Air Defence Battery in Syria
China’s Z-10 Attack Helicopter Upgraded with Powerful Engine
Japan's F-X Stealth Fighter to Rival US' F-22
Russia Developing New Attack Helicopter ‘Airborne Combat Vehicle’
Several joint production and direct procurement programs could be halted if the US and Europe carry through with their threat...
Sanctions-hit Iran has found ingenious ways to develop military hardware
Artificial Intelligence (AI) is rapidly permeating the defence industry to aid and improve human decision-making
Upgrade of Russias Sukhoi Su-30SM fighters to equip them with armaments, radar, sensors and engines from the more powerful Su-35...
US companies sanctioned by China for supplying weapons to Taiwan may be denied rare earth elements (REEs), which have critical...
While the US F-35 stealth aircraft has become one the fastest selling fighter jets in the world aircraft market, thanks...