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India-Russia close to seal Mig-29K Fighters deal

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    India is to buy 30 more carrier borne Mig-29K (Fulcrum-D) fighters for the Indian navy and an agreement to this effect would be firmed up during the upcoming visit of Russian Defence Minister Anatoly Serdyukov's to India next week.

    Serdyukov's tour to New Delhi at the head of a high level officials and industry delegation is also likely to pave the way for signing of the new contract for acquisition and delivery of the carrier Admiral Gorshkov, according to top officials in Moscow.

    Russians have demanded a price escalation of USD 2 Billion almost double the original contract cost of USD 2.5 billion for refurbishing the 45,000 tonne carrier, including carrying out its elaborate sea trials in Russian waters, prior to its delivery by 2012.

    "Negotiations on the supply of additional batch of MiG-29K fighters would form part of the agenda," Top Russian industry sources said. India proposes to operate the fresh Mig-29K Fighters on its indigenous carrier being built at Kochi shipyard.

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    "The negotiations on the Admiral delivery will end sooner or later and we hope in the near future to start talks on additional delivery of MiG-29K fighters to India," President of United Aircraft Corporation Alexei Fedorov was quoted as saying by RIA Novosti.

    Under the 2004 contract for the acquisition of Admiral Gorshkov aircraft carrier, India is to receive 12 single-seater MiG-29K and four two-seater MiG-29KUB by next year with an option of ordering additional 30 fighters by 2015.

    According to earlier reports, powerful Cabinet Committee on security is said to have cleared the acquisition of additional MiG-29K fighters, which would become the mainstay of the Indian Navy's carrier fleet.

    ... contd.

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