At press time, according to Russian media reports, Russia and India signed a value of approximately $ 2.9 billion arms purchase contract, including $ 1.3 billion for 71 aircraft meter-17B-5 helicopters contract.
Russian President Vladimir Putin visited India in the 24th, to take on two important missions: arms sales and trade. This is Putin's visit to India for the first time since the return to the Kremlin in May of this year.
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Putin's visit to a one-day delegation including senior government ministers and military officials, itinerary intensive talks with Indian Prime Minister Manmohan Singh, as well as meeting with the ruling Congress Party President Sonia Gandhi. By convention, the location of his talks with Singh Palace in central New Delhi, Hyderabad. However, the trip coincided with India last week with the vicious gang rape triggered outrage demonstrations of thousands of people in the downtown area, the Indian Foreign Ministry subsequently change talks locations.
Indian Foreign Ministry official said: "For security reasons, we had to change the venue, President Vladimir Putin will hold talks at the Prime Minister's residence." Warm-up for the visit, Putin visited the mainstream media in India, "The Hindu" author The high-profile praised the Russian-Indian relations, outlined the two countries the prospects for future cooperation, especially in the military reached unprecedented levels.
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India is Russia's traditional ally, is also the world's largest arms importers and buyers of Russian-made military products. About 60-70 percent of India's military equipment is imported from Russia. Indian Foreign Minister Khurshid, 21, said, "India is committed to consolidating and strengthening (with Russia), this economic and strategic relations.
In the world arms trade center director Igor Korotchenko seems, this relationship is clearly involved in the Russian the Sukhoi aviation equipment production Commonwealth of products: a total of $ 3.77 billion, 42 Su-30MKI fighters and mutual main fighter of the fifth generation of the R & D T-50.
Russia had a dominant military procurement in India. But, in recent years, the Indian army began to diversify procurement channels, some Western arms manufacturers frequently successful, pose a challenge to Russia. Last month, Boeing beat the Russian Mir helicopter factory, win the sum helicopter procurement large orders.
Trade in 2015 amounted to $ 20 billion
Putin's visit is undoubtedly intended to regain lost ground, throw more attractive to the Indian side is also India's most interested in joint development projects. "I want to emphasize, deepening friendship with India and cooperation is one of the center of gravity of our foreign policy," Putin in the article set the tone for the bilateral relations, at the same time focus on rapid growth momentum to continue to maintain the bilateral trade.
The data show that the Indian-Russian bilateral trade is growing steadily in recent years, is expected to reach $ 10 billion this year, more than three years ago, an increase of 1/4. Putin at the moment to put forward a more ambitious plan to double bilateral trade in the next three years. "We (bilateral) trade volume to overcome the global impact of the (economic) crisis, the next goal is to reach $ 20 billion in 2015."
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