More reports on: Defence, Defence general
Multi-billion defence, trade deals likely during Medvedev visit news
30 November 2010

Russia said on Monday it hoped to sign a number of agreements with India, including military and trade deals, during a trip by Russian president Dmitry Medvedev to New Delhi next month.

Russian foreign minister Sergei Lavrov flewRussian foreign minister Sergei Lavrov flew to the Indian capital to prepare the ground for Medvedev's 21-22 December summit with Prime Minister Manmohan Singh.

"Our discussions concentrated on the visit of the Russian president and our intention is to sign many documents on trade, economy, outer space and military issues," Lavrov said after talks with his Indian counterpart S M Krishna.

Lavrov's announcement came a month after India said it had agreed to buy up to 300 fifth generation fighter jets (FGFA) from Russia that it will help jointly develop and manufacture.

Experts say each 30-ton FGFA is worth up to $100 million (Rs457 crore), in a deal valued at Rs137,190 crore or $30 billion. Russian experts have said the country's troubled defence industry would receive a major boost with the FGFA deal with India.
Lavrov did not give details of the other agreements slated for December.

Indian foreign minister Krishna said the two countries "were on the same page".

 search domain-b
Multi-billion defence, trade deals likely during Medvedev visit