India, Russia Seal Defense Deals Worth Billions -- Voice of America
NEW DELHI — India and Russia have sealed defense deals worth billions of dollars during a visit by the Russian president, in a move which reaffirms the long-standing strategic alliance between the two countries.
Calling Russia a key partner in the effort to modernize India's armed forces, Indian Prime Minister Manmohan Singh announced the deal to buy 71 military helicopters worth $1.3 billion, and kits to assemble 42 Sukhoi fighter jets worth $1.6 billion.
India and Russia were close allies during the Cold War days, with Moscow being the main supplier of India’s armed forces. But analysts say Russia has been losing out on India’s lucrative defense market in recent years, as New Delhi increasingly hands out contracts to countries such as Israel, France and the United States, establishing closer links with many Western countries.
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