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Monday, July 09, 2012

Russia does it again: Ten-fold rise in defence equipment prices

INS VikramadityaRussia has increased the prices of the latest defence equipments, by ten times, to be procured by India. The Russian defence manufacturing companies have sent their bid- ten times the opening price of the tenders.

A leading newspaper daily, Sunday Guardian, carried a report which mentioned that Russian companies have increased the price of defence equipments like- rocket launchers, T-90 tanks, tanks ammunition to as high as ten-folds.

For the procurement of 10,000 rocket launchers ministry of defence has estimated an approximate price of rs 130 crores, Russia is asking rs 4,000 crores for the launchers.

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