India, Russia Sign Tank Missile Contracts
12:53 06/11/2012 NEW DELHI, November 6 (RIA Novosti) - India and Russia have signed two contracts for the delivery of Russian antitank missiles, a source close to the Indian Defense Ministry told RIA Novosti on Tuesday.
The source confirmed that these contracts had been signed, but declined to give any details.
Local media reports have suggested that Russia will deliver 25,000 Invar missiles for India’s T-90 tanks and 10,000 Konkurs antitank missiles, worth an estimated $240 million.
Citing sources in the Indian government, local media earlier reported that India would buy 10,000 Invar missiles from Russian manufacturers and that a further 15,000 missiles will be manufactured under license in India.
Former Army Chief Gen V K Singh said in March that some units had only three or four days of tank ammunition left.
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