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Monday, July 20, 2009

It will be $.2.9 billion for Gorshkov


India is all set to finalise the price tag of aircraft carrier INS Vikramaditya (Admiral Gorshkov), which would be closer to the revised demand made by Russia at $2.9 billion.

Authoritative sources in the Ministry of Defence say the figure is likely to be finalised next week when negotiators end discussions.

The Russian negotiators arrived here on July 10 and originally intended to stay till July 17. The team has conveyed that the cost had been calculated as per the standards specified by its government and there was little room to de-escalate the cost, revised from its original price of $1.5 billion. This figure too had been later changed to $2.2 billion.

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