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India, Russia sign new defence deals | India, Russia sign new defence deals |
(about 20 hours later) | |
Russia and India have signed new defence deals worth $2.9bn (£1.8bn) during President Vladimir Putin's day-long trip to India. | Russia and India have signed new defence deals worth $2.9bn (£1.8bn) during President Vladimir Putin's day-long trip to India. |
Under the accords, India will buy 42 Sukhoi Su-30 fighter jets and 71 Mil Mi-17 helicopters. | Under the accords, India will buy 42 Sukhoi Su-30 fighter jets and 71 Mil Mi-17 helicopters. |
Mr Putin held talks with Indian PM Manmohan Singh during his visit. | Mr Putin held talks with Indian PM Manmohan Singh during his visit. |
Moscow has long been Delhi's main weapons supplier but has lost out on several major deals to Western companies in recent years. | Moscow has long been Delhi's main weapons supplier but has lost out on several major deals to Western companies in recent years. |
Trade between Russia and India is currently worth about $10bn (£6bn) a year, but has been growing more slowly recently. | Trade between Russia and India is currently worth about $10bn (£6bn) a year, but has been growing more slowly recently. |
Ahead of the visit, Mr Putin said that he wanted to increase bilateral trade to $20bn by 2015. | Ahead of the visit, Mr Putin said that he wanted to increase bilateral trade to $20bn by 2015. |
Monday's talks between Mr Putin and Mr Singh also included the security situation in the region, including Afghanistan. | Monday's talks between Mr Putin and Mr Singh also included the security situation in the region, including Afghanistan. |
"India and Russia share the objective of a stable, united, democratic and prosperous Afghanistan, free from extremism," Mr Singh was quoted as telling Reuters news agency after the talks. | "India and Russia share the objective of a stable, united, democratic and prosperous Afghanistan, free from extremism," Mr Singh was quoted as telling Reuters news agency after the talks. |
Moscow's concern | Moscow's concern |
In an article in India's Hindu newspaper, Mr Putin described as a "historic step" the declaration of strategic partnership between the two countries signed in 2000. | |
The Russian leader also said that the military co-operation between the two nations has reached an "unprecedented level". | The Russian leader also said that the military co-operation between the two nations has reached an "unprecedented level". |
Russia's currently accounts for some 70% of India's arms purchases, the BBC's Sanjoy Majumder in Delhi reports. | Russia's currently accounts for some 70% of India's arms purchases, the BBC's Sanjoy Majumder in Delhi reports. |
But India has recently signed a number of big defence contracts with the US and other countries, including France and Israel, our correspondent says. | But India has recently signed a number of big defence contracts with the US and other countries, including France and Israel, our correspondent says. |
Russia is concerned, he adds, that its traditional position as India's main arms supplier could be under threat. | Russia is concerned, he adds, that its traditional position as India's main arms supplier could be under threat. |