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Saturday, March 08, 2008

MiG ‘gift’ to Medvedev

India today put its money where its mouth is in “valuing” Russia’s friendship and gifted to Moscow’s newly-elected President Dmitry Medvedev a nearly Rs 4,000-crore order to upgrade frontline fighter aircraft.

Russia has swung the deal despite the pro-West atmospherics from the security establishment and its recent vocal exasperation with supplies of Russian military hardware.

Russian aircraft corporation MiG will modernise five squadrons — about 90 — MiG 29 air superiority fighters in the Indian Air Force fleet after the contract, estimated to be upwards of $950 million but less than a billion dollars, was signed this evening.

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