India, Russia sign contract for 3 warships
IRNA - Islamic Republic News Agency
New Delhi, July 19, IRNA
India-Russia-Warships
Russia will build three stealth warships for India under a Rs 5114-crore contract. The contrat was signed here Tuesday evening.
The signing of the contract came nearly two weeks after India's Cabinet Committee on Security approved the purchase of three more Russian stealth warships and 28 submarine-fired cruise missiles in a move aimed at bolstering the Indian Navy's fighting potential, a PTI report said here.
The three Russian Krivak-class frigates would be acquired at a cost of Rs 5114 crore. The first one would be delivered five years after the signing of the contract and the subsequent two within 12 months after delivery of the first warship, Defence Minister Pranab Mukherjee had told newsmen after a meeting of the Cabinet Committee on Security chaired by Prime Minister Manmohan Singh.
Mukherjee had said the purchase of the three Russian frigates was a follow-up order to the purchase of three of the same type of warships in the late 1990s.
The Indian Navy has already inducted three Krivak-class warships that have been re-christened Talwar-class.
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