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India : Ahead of PM's Russia visit, Cabinet clears defence deals
 
BY : Timesofindia

Amid signs of a diplomatic chill between India and Russia, the Cabinet Committee on Security (CCS) on Thursday reportedly cleared the multi-role military transport aircraft (MRTA) agreement and other pacts to be signed during Prime Minister Manmohan Singh’s visit to Moscow next week.

Though there was no briefing after the CCS meeting, sources said the new Indo-Russian pacts basically dealt with measures to boost bilateral trade, energy cooperation and, of course, defence ties. The MRTA project has been in the pipeline for quite some time now but was stuck since Russia had earlier refused to purchase any aircraft under the scheme. But now, it has agreed to buy 100 of them, with India chipping in with around 50.

This pact comes close after the two countries also signed an agreement to jointly develop a fifth-generation stealth fighter aircraft (FGFA), with equal financial and technological stakes. Russian officials put the overall development cost of the Sukhoi T-50 FGFA in the region of $10 billion.

India, as reported by TOI earlier, is also on course to lease a nuclear-powered Akula-II attack submarine from Russia from mid-2008 onwards under a hush-hush Rs 2,600 crore deal signed earlier.

Then, of course, India will be acquiring another 40 Sukhoi-30MKIs to add to the 190 already contracted; 347 more T-90S to add to the 310 such main-battle tanks already inducted, and 80 more Mi-17 medium-lift utility and assault helicopters from Russia.

While Russia still remains India’s largest defence partner, New Delhi is concerned about its failure to maintain delivery schedules of contracted weapon systems, provide uninterrupted supply of spares and proclivity to jack up costs midway through execution of agreements.

The huge delay in the modernisation refit of decommissioned aircraft carrier Admiral Gorshkov, for instance, has emerged as a major irritant. The 44,570-tonne carrier was initially supposed to join Indian Navy by August 2008 as per the $1.5 billion package deal signed with Russia in January 2004.

But India will not be getting the carrier, already rechristened INS Vikramaditya, anytime before 2010. The package deal, incidentally, includes 16 MiG-29K ‘Fulcrum’ supersonic fighters and a mix of Ka-31 and Ka-28 helicopters to operate from the carrier’s deck.

India has also succumbed to the Russian demand for jacking up the annual cost escalation charge of contracted weapon systems to 5% from the present 2.55%. This will lead to India paying millions of dollars extra for the 230 Sukhoi-30MKI fighters it is going to acquire from Russia at an overall cost of over $8.5 billion.
 
 
 
   
 
 
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  • India demands answers on Gorshkov
  • Indo-Russia defence ties: From buyer-seller to co-producer of future weapon ...
  • Govt ready to pay more for Gorshkov
  • India to send team to finalise Gorshkov price
  • India, Russia resolve differences over armament systems
  •  
     
    Comments (3)  Print
     
     
    #1 Author: avatar_singh (8 November 2007 20:45)
     
    under this traitor coolie manmaohan singh india has lost iran gas pipe line deal while china will take up the remainder of gas from pakistan route. this manmohan singh has annoyed iran jsut as he is annopying russia just at behest of america,
    this manmohan singh msut be killed now to protect india.-wating to try him for treachery will take too long.

    http://www.presstv.ir/detail.aspx?id=30355§ionid=351020103

    http://www.presstv.ir/detail.aspx?id=30355§ionid=351020103

    quote--"Iran, Pakistan agree on gas pricing formula
    Fri, 09 Nov 2007 02:55:13
    Under the new scenario the Iranian gas can also be exported to China.
    In a major development, Pakistan and Iran have crossed the last stumbling block in the way of a piped gas deal by agreeing on a pricing formula.
    "

    "According to the officials, under the new scenario in the wake of India's evasive attitude as Indian experts did not participate in the recently held meeting in Tehran and the ongoing meeting in Islamabad, both Iran and Pakistan have decided to materialize the project.

    "We have also asked Iranian authorities that the gas to be imported from Iran can also be exported to China as LNG (Liquefied Natural Gas) as the western part of that country has a shortage of energy", said the Pakistani official.--"
     
     
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    #2 Author: sab3002003 (9 November 2007 01:03)
     
    "under this traitor coolie manmaohan singh india has lost iran gas pipe line deal while china will take up the remainder of gas from pakistan route. this manmohan singh has annoyed iran jsut as he is annopying russia just at behest of america,
    this manmohan singh msut be killed now to protect india.-wating to try him for treachery will take too long."
    nice nice [:D] u have to thank this traitors brain for our litle development today ! if it was not for him half of us would be into agruculture business!

    according to the claws india can join the IPI deal anytime !the deal has got a hard hit because pakistan could not give the clearance of the route throw baluchistan ! pakistan it self is asking for clearance with the local power there how can we get clearance ??
     
     
    Quote    
     
     
    #3 Author: avatar_singh (9 November 2007 20:25)
     
    http://www.larouchepac.com/news/2007/11/09/dollar-crash-shrapnel-reaches-india.html

    http://www.larouchepac.com/news/2007/11/09/dollar-crash-shrapnel-reaches-india.html

    Shrapnel from Dollar Crash Reaches India
    09 Nov 2007

    November 9, 2007 (LPAC)--Because India has adopted an export-based growth model since Y-2K, thus jeopardizing the future of millions of poor people in order to earn foreign exchange and GDP growth, the collapse of the US dollar has set loose a cat among the pigeons in India's new-growth sectors. According to Washington Post reporter Rama Lakshmi, 4 million poor Indians, who were living from hand to mouth by working in the cut-throat garment industry, have already lost their livelihood to the collapse of the dollar. His report indicates that another 4 million garment workers are on the chopping block.

    In recent months, the Indian currency, the Rupee, gained significantly against the hapless dollar. On Jan. 1, the dollar was worth 46 Indian rupees, and now it is 39.

    The collapse of the dollar has hit the poor in India two ways. First, the reduction of purchasing power of Americans, who were the sales target of Indian employers, has reduced demand for exports. Second, the higher valued rupee has made the "Made in India" garments more expensive than the garments of poorer nations-- such as Vietnam, for instance-- whose currency is linked fully to the dollar.

    The 4 million newly unemployed in the garment industry, caused by the weakening dollar, represent at least twice as many workers as those employed by India's much-vaunted Information Technology sector.
     
     
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