India, Russia sign new defence deals worth $3bn

India, Russia sign new defence deals worth $3bn.

India and Russia have signed new defence deals worth $2.9bn (£1.8bn) during Russian President Vladimir Putin’s day-long trip to India.

Under the accords, India will buy 42 Sukhoi Su-30 fighter jets and 71 Mil Mi-17 helicopters.

Mr Putin held talks with Indian PM Manmohan Singh during his visit.

Moscow has long been Delhi’s main weapons supplier but has lost out on several major deals to Western companies in recent years.

Trade between Russia and India is currently worth about $10bn (£6bn) a year, but has been growing more slowly recently.

Ahead of the visit, Mr Putin said that he wanted to increase bilateral trade to $20bn by 2015.

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