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SOURCE: DNA INDIA

Russia has offered India submarines for navy’s Project 75i on the basis of an intergovernmental agreement. It was suggested during the delegation-level meet between Russian President Vladimir Putin and Indian Prime Minister Narendra Modi.

Under Project 75(I), India plans to indigenously construct six submarines for the Indian Navy at a cost of over Rs. 40,000 crores.In June, New Delhi had issued the Expression of Interest(s) for shortlisting of potential Indian Strategic Partners (SPs) for construction of conventional Submarines for P-75(I) Project of the Indian Navy.

Moscow has proposed Joint design, prototype construction with full intellectual property rights which will be shared equally. It has offered to jointly develop the AIP(Air-independent propulsion) for the submarine but based on the progress that DRDO has already made.

Russia, however, did not offer fifth-generation fighter Su 57 that was showcased at MAKS airshow. A Russian govt source said, “We are not offering it to anyone”.

India has ordered $14.5 billion worth of weapons from Russia, an announcement was made by Moscow after the 20th India Russia summit on Wednesday.

Chief of the federal service for military-technical cooperation, Dmitry Shugayev was quoted by Russian news agency TASS as saying, “Last year and today saw the emergence of a tremendous portfolio of contracts in contrast to all previous years, $14.5 billion. This is an impressive figure, it’s a real breakthrough”

14 govt MoUs were exchanged on Wednesday out of which 4 were in the energy sector, 5 in the economic sector and 2 in the infrastructure sector and one intergovernmental agreement to produce spare parts for Russian origin military equipment.