India to pay around $2.2 billion for carrier Admiral Gorshkov
India will pay a final price of $2.2 billion to retrofit aircraft carrier Admiral Gorshkov.
India had initially agreed to pay $1.5 billion in 2004 to retrofit the carrier and buy 16 MiG-29K fighters to be operated from the carrier.
But in 2007, Russia demanded another $1.2 billion, saying that it had "grossly under-estimated" the cost of the retrofit.
Labels: INS Vikramaditya
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