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India May Strike $8 bn Deal with Russia for Defence Orders Including Kamov Helicopters, Krivak Frigates, S-400
October 25, 2018
Prime Minister Narendra Modi met with Russian President Vladimir Putin in New Delhi this Friday. A deal is expected for defence orders for 5 S-400 Triumf air defence units for the Indian Air Force (IAF) for around $4.5 billion; 4 Krivak III-class frigates for the Indian Navy for about $2 billion, and a $1.5-billion contract to build 200 Kamov-226T light helicopters in Hindustan Aeronautics Ltd. (HAL) using the technology of Russian helicopters. If this is exactly how it pans out, then Russia can expect to collect as much as $8 billion for its exchequer.
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