Russia offers joint development of submarines to India
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Under the project, India plans to indigenously construct six submarines for the Indian Navy at a cost of over Rs 40,000 crores.
Russia has offered submarines to India for navy's Project 75(I) on the basis of an intergovernmental agreement. It was suggested during the delegation-level meeting between Russian President Vladimir Putin and Prime Minister Narendra Modi.
Under the project, India plans to indigenously construct six submarines for the Indian Navy at a cost of over Rs 40,000 crores.
In June, New Delhi had issued an Expression of Interest(s) for the shortlisting of potential Indian Strategic Partners (SPs) for the construction of conventional submarines for P-75(I) project of the Indian Navy.
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Moscow has proposed a joint design, prototype construction with full intellectual property rights which will be shared equally. It has offered to jointly develop the AIP (air-independent propulsion) for the submarine but based on the progress that DRDO has already made.
Russia, however, did not offer the fifth-generation fighter Su-57 that was showcased at MAKS airshow. A Russian government source said, "We are not offering it to anyone".
India has ordered $14.5 billion worth of weapons from Russia, an announcement was made by Moscow after the 20th India-Russia Summit on Wednesday.
Russia's chief of federal service for military-technical cooperation, Dmitry Shugayev, was quoted by Russian news agency TASS as saying, "Last year and today saw the emergence of a tremendous portfolio of contracts in contrast to all previous years, $14.5 billion. This is an impressive figure, it’s a real breakthrough".
14 government MoUs were exchanged on Wednesday out of which 4 were in the energy sector, 5 in the economic sector, 2 in the infrastructure sector and one intergovernmental agreement to produce spare parts for Russian origin military equipment.
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