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Thursday, March 11, 2010

Cabinet clears $2.35 bn for Russian aircraft carrier

INS VikramadityaA cabinet panel Wednesday cleared the $2.35 billion fresh price for the aircraft carrier Admiral Gorshkov that India has purchased from Russia, an official said. The clearance comes a day before Russian Prime Minister Vladimir Putin arrives here on a two-day visit.

'The cabinet committee on security (CCS) has given its approval to the fresh price for Gorshkov,' a defence ministry official said.

The long-delayed re-negotiated pact for the carrier, re-named INS Vikramaditya, will be among defence deals worth $4 billion that are expected to be finalized during Putin's two-day visit.

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