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Thursday, February 28, 2008

Russia to deliver Gorshkov by mid-2011

Russia will deliver aircraft carrier Gorshkov by mid-2011 with the two sides resolving the deadlock after India agreed to pay "considerably more" for the warship than the original contract for $970 million.

Though no figures with regard to the increase in price were revealed by Defence Secretary V K Singh, just back after inspecting the warship, sources say that the amount could vary between $700 and 900 million.

Singh said that the figure could not be disclosed as the modified contract had to be put up to the Union Cabinet and the Cabinet Committee on Security for clearance.

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