India to get ammunitions worth $1 billion from Russia
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Published on: Fri, 29 Jun 2012 at 19:47 IST
Moscow: India is all set to get ammunition including tanks and artillery shells from Russia. This is one of the largest contracts in weapons trade for the last two years between India and Russia for the delivery of ammunition worth $1 billion. At the beginning of this year, Russia and India concluded a package of contracts to the tune of $1 billion deal for the delivery of tanks, artillery shells and anti-tank missiles of various types and other ammunition for ground troops, a manager of an enterprise of the defence industry told. The contract with India is one of the largest export contracts.
State-run Rosoboronexport Director General Anatoly Isaikin told that in the beginning of the year they concluded on new contracts of delivery of the weapons at the cost of about $5 billion. Ruslan Pukhov, director of the Centre of Analysis of Strategies and Technologies, said that the Indian army lacked several thousand anti-tank missiles of Russian types alone, and the available Indian capacities could not cover this deficit.
Along with Russia, India buys ammunition from European countries and Israel and concluded a massive contract for the supplies of anti-tank missiles at the cost of more than $1 billion with Israel last year.
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