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Thursday, January 26, 2012

Russia to supply $7.7 billion worth of arms to India

Talwar class frigate“This year, Russia will supply arms and military equipment worth $7.7 billion to India, about 60% of Russia’s total arms exports and 80% of India’s arms imports,” CAWAT said in the release.

CAWAT attributes this breakthrough in the Russian-Indian military and technical cooperation in 2012 to supplies within the framework of several large-scale programmes (the centre calculates the value of supplies on the basis of actual deliveries).

It is reported that a considerable part of the supplies will be behind the original schedule, “which will entail this impressive result in 2012.”

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