India and Russia inch closer towards deal for aircraft carrier
Indian officials say New Delhi and Moscow are close to finalizing the price for aircraft carrier Admiral Gorshkov.
India is likely to pay $2.2 billion instead of $2.9 billion demanded by Russia. The contract is expected to be reviewed by the Indian cabinet end of next month.
Meanwhile, India has given Russia another $102 million to ensure the carrier is not delayed beyond 2012.
Labels: INS Vikramaditya
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