New Delhi : India and Russia will hold detailed discussions on deeper military cooperations on Wednesday, especially on joint production of fifth generation fighter aircraft, upgradation of Su-30 MKI planes and firming up the contract for the S400 Triumf air defence system.
Russian Defence Minister Sergei Shoigu will be arriving here tonight and will co-chair a meeting of the Indo-Russian Inter Governmental Commission on Military Technical Cooperation (IRIGCMTC) here tomorrow with his Indian counterpart Manohar Parrikar.
The two will have restricted meeting followed by delegation-level talks, defence sources said. It was during a meeting of the commission in Moscow last year that both sides had firmed up plans to acquire the air defence system and other deals which were recently signed on the sidelines of the BRICS meet in Goa.
Sergei Chemezov, CEO of Rostec State Corporation, a Russian umbrella organisation of 700 hi-tech civilian and military firms, had told PTI that they expect the agreement on fifth generation fighter aircraft (FGFA) to be finalise by this year end. After a hiatus of nearly a year, India and Russia had in February revived talks on the much delayed FGFA project after a clearance from Parrikar.
Since then, a lot of issues related to work share, IPR and technology transfer among others have been sorted out between the two sides along with the monetary commitments.
Under the new offer, India will have to pay about $ 3.7 billion, instead of $ 6 billion, for technological know-how and three prototypes of the fighters, the sources said. In 2010, India had agreed to pay $ 295 million towards the preliminary design of the fighter, called in India as Perspective Multi-role Fighter (PMF).