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Saturday, November 10, 2007

India Russia To Sign Akula Submarine Deal; To Be Leased For Seven Years

Ahead of Prime Ministers upcoming visit to Moscow from November 10th, India and Russia are widely expected to sign on the Indian Navy Akula Submarine Lease Deal.

Indian Navy is all set to acquire the nuclear powered advanced submarines for a period of up to seven years. This acquisition would help the Navy prepare for the induction of the ATV, India's indigenous nuclear-powered vessel-in-the-making which goes for sea trials in 2009. Strategic submarines are the key to India's quest for a credible nuclear deterrence.

For Russia, raising the stakes, it hopes, will increase Indian dependence as Moscow seeks to defend its position as No. 1 defense supplier to New Delhi, however Russia's importance as a defense partner to New Delhi declines following India's vastly improving internal defense capabilities compounded with close relations and improving with Israel, France and the United States.

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