India and Russia seal new defense deals, trumpet partnership
Worldwide, Daily news | ankakh | December 24, 2012 18:21India agreed to buy dozens of Russian military helicopters and kits for the assembly of Sukhoi jets at a summit in New Delhi on Monday, where the leaders of both countries reaffirmed their commitment to a strategic partnership.
India, traditionally one of Moscow’s top arms clients, said the two sides would also set up a joint venture to manufacture Russian-model helicopters and a $2 billion fund to invest in trade and economic cooperation projects.
“Russia is a key partner in our efforts to modernize our armed forces,” Indian Prime Minister Manmohan Singh said in a statement, welcoming Russian President Vladimir Putin as “a valued friend and the original architect of the India-Russia strategic partnership”.
Putin’s one-day trip, his first to India since he started a new Kremlin six-year term in May, underlines Russia’s interest in India, long a regional ally and now a partner in the BRICS group of emerging-market nations.
Writing in the Indian daily the Hindu earlier, Putin stressed that “deepening friendship and cooperation with India is among the top priorities of our foreign policy”.
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