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Tuesday, October 16, 2012

India, Russia hit the ground running with MTA deal

Multirole Transport Aircraft (MTA) |Russia and India signed the initial design phase contract for the $600-million Indo-Russian military transport aircraft project, the Multirole Transport Aircraft (MTA), a day before Dmitry Rogozin arrived in New Delhi for a series of meetings.

The MTA deal is one of the many that are expected to be signed in the next three weeks of Indo-Russian diplomatic engagement that would culminate in Russian President Vladimir Putin’s India visit, beginning October 31.

A $3.77 billion deal for the supply of 40 SU-30MKI Russian fighter aircraft to India is another defence deal expected to be signed between India and Russia during Putin’s visit.

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