Russia, India sign deals on fighter jets, nuclear energy | Pakistan Today

Russia, India sign deals on fighter jets, nuclear energy

NEW DELHI – Russia and India on Tuesday signed a pact worth up to 30 billion dollars on the development of a fifth-generation fighter aircraft and agreed to pursue a deal to build two Russian nuclear reactors.
The agreements surrounded talks in New Delhi between visiting Russian President Dmitry Medvedev and Indian Prime Minister Manmohan Singh, during which both sides set a target of doubling bilateral trade to 20 billion dollars by 2015.
President Medvedev arrived in India on Tuesday, seeking to fend off growing international competition for Indian defence contracts that were once monopolised by Moscow. The meeting witnessed the signing of a contract on the joint design and development of fifth-generation fighter aircraft with stealth capabilities.
Although no figures were mentioned, the final deal could be worth close to 30 billion dollars, with India planning to induct up to 300 of the aircraft into its air force. The two sides also agreed to pursue plans for Russia to build two additional generating units at a nuclear power plant in the southern Indian state of Tamil, where it is already setting up two reactors.
Energy-hungry India is one of the world’s biggest markets for nuclear technology with plans to reach a nuclear power capacity of 63,000 megawatts by 2032, from the current level of 4,560 megawatts. Medvedev voiced Russian support for India as strong candidate for a permanent seat in an expanded UN Security Council.
Medvedev was also expected to use his visit to lobby India to select Russian-made MiG-35s for a 12-billion-dollar contract for 126 fighter jets. European and US aeronautical giants including Dassault Aviation, Boeing Co and Lockheed Martin Corp are also bidding for the tender.

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