Russia Nears Tank Ammo Deal With India

RIA Novosti

13:52 29/06/2012

ZHUKOVSKY (Moscow Region), June 29 (RIA Novosti) - Russia is nearing a deal with India on manufacture and delivery of advanced tank ammunition, Rosoboronexport, a state-run arms exporter, said on Friday.

“The first round of negotiations on the delivery of 3UBK20 (Mango) tank ammunition has been completed and the second round - on its licensed manufacture in India - will start on Monday,” company deputy head Igor Sevastyanov said.

He did not specify the volume of deliveries, only saying it was “big.”

Russia has already started building a joint venture in India to manufacture rockets for Smerch multiple rocket launch systems, he said.

Another Rosoboronexport official, Viktor Komardin, earlier said Russian arms sales to India could be worth an estimated $3 billion a year.