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Friday, October 18, 2013

2nd nuclear submarine lease likely to be 'X factor' in Indo-Russian summit

INS ChakraAt least half a dozen bilateral agreements in spheres like energy, biotechnology, metrology and technical regulations, and a big ticket deal on an undisclosed subject, are expected to be signed at the 14th Indo-Russian annual summit in Moscow on October 21, key Indian officials involved in the negotiations (which are still going on) said.

However the X factor that is likely to dominate the summit and the strategic outcome, whether announced or unannounced, is Russia agreeing to lease second nuclear submarine to India.

India has been looking to take a second nuclear submarine on lease from Russia and talks are believed to have progressed well.

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