Russia continues to be the major defense partner of India
October 28, 2016
India and Russia will sign a defense deal worth $9 billion in next six months. In the backdrop of growing tension in the South Asian region, India will further expedite purchase of arms and equipment. Manohar Parrikar, Indian Minister of Defense indicated that the country would sign defense deals worth close to $9 billion in next six months.“Over the next six months, I hope to sign another $7.5-9 billion worth of contracts, taking the total to $45 billion in last 3 years” said Indian Defense Minister. Parrikar stated that during the past 23 months, India had signed contracts worth $34 billion.