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Wednesday, January 21, 2015

India and US not to sign mega arms contract during President Barack Obama's visit to New Delhi

CH-47 ChinookIndia and the US will sign a new defence framework during President Barack Obama's visit to New Delhi on the Republic Day, but the two mega purchases for Chinook heavy lift and Apache attack helicopters will have to wait for some more time.

The defence acquisition council had cleared the purchase worth over $2.5 billion but the final stamp of approval is still awaited from the Cabinet committee on security.

Sources said the proposals are yet to be cleared by the finance ministry before it is placed before the Cabinet. An official said no arms contract will be signed during the presidential visit.

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