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Home arrow News arrow Business arrow India, Russia to ink $1.2 bn deal for MiG-29K fighters
India, Russia to ink $1.2 bn deal for MiG-29K fighters Bookmark and Share
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Thursday, 21 January 2010
Russia and India are poised to ink the around $1.2 billion contract for 29 more MiG-29K fighter jets for Indian Navy.  

A Russian team will arrive in New Delhi this week to fine tune the contract since it got the approval of Cabinet Committee on Security (CCS), chaired by Prime Minister Manmohan Singh, top defence sources said.

The 29 new MiG-29Ks will be in addition to the 16 jets already contracted in the initial $1.5 billion Gorshkov package deal in January 2004. Incidentally, only $974 million had been earmarked for Gorshkov's refit at that time.

MiG-29Ks will operate from the 44,570-tonne Gorshkov as well as the 40,000-tonne indigenous aircraft carrier being built at Cochin Shipyard, which should roll out by 2014-2015.
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