India to buy gamechanger S-400 air defence system from Russia

The deals were announced following talks held between Prime Minister Narendra Modi and Russian President Vladimir Putin on the sidelines of the BRICS Summit being held here.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney IThe Winning Leap SME Special
Moneycontrol

Home » News » Economy

Oct 15, 2016, 03.16 PM | Source: PTI

India to buy gamechanger S-400 air defence system from Russia

The deals were announced following talks held between Prime Minister Narendra Modi and Russian President Vladimir Putin on the sidelines of the BRICS Summit being held here.

Like this story, share it with millions of investors on M3

India to buy gamechanger S-400 air defence system from Russia

The deals were announced following talks held between Prime Minister Narendra Modi and Russian President Vladimir Putin on the sidelines of the BRICS Summit being held here.

Post Your Comments

Share Cancel

India to buy gamechanger S-400 air defence system from Russia
India today announced that it will buy the S-400 Triumf air defence systems from Russia, worth over USD 5 billion, and collaborate in making four state of art frigates besides setting up a joint production facility for making Kamov helicopters.

The deals were announced following talks held between Prime Minister Narendra Modi and Russian President Vladimir Putin on the sidelines of the BRICS Summit being held here.

The development comes as Russia hopes to stave off tough competition from the Americans and the Europeans to continue being India's foremost defence supplier.

The most strategically important decision is the Inter Governmental Agreement for the purchase of S-400 'Triumf' long-range air defence missile system which has the capability to destroy incoming hostile aircraft, missiles and even drones at ranges of up to 400 km.

India and Russia have been in talks for over a year for the purchase of at least five systems of S-400 that will be a game changer in the region.

It is capable of firing three types of missiles, creating a layered defence, and simultaneously engaging 36 targets. If India signs the deal, it would be the second customer of the prized missile system after China which had struck a USD 3 billion contract last year.

Another important deal is for four Admiral Grigorovich-class (Project 11356) guided-missile stealth frigates.

Under this deal, two vessels will come from Russian and while the other two will be built in India with Russian collaboration.

No decision has been made on the selection of the Indian shipyard.

This is in furtherance to the six Talwar-class frigates that Russia built for the Indian Navy between 2003 and 2013.

The complex agreement for production of 200 Kamov 226T helicopters domestically under a nearly USD 1 billion deal to replace the country's aging Cheetah and Chetak choppers is yet another important defence deal between the countries.

Buy, Hold, Sell ? Hear it first on M3
India to buy gamechanger S-400 air defence system from Russia

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login