Boxing Day on Red Square sets new Guinness recordSport July 23, 8:33
Joseph Dunford says Russia most military capable country of those posing threat to USWorld July 23, 4:57
Russia’s US envoy Kislyak steps down, his deputy to act as Charg d'Affaires ad interimRussian Politics & Diplomacy July 23, 1:33
Putin greets KamAZ-Master team - winner of Silk Way RallySport July 22, 15:20
Agreements on East Ghouta zone in Syria signed - Defense MinistryWorld July 22, 14:20
PAK FA offers practically unlimited opportunities to pilot - commanderMilitary & Defense July 22, 11:29
Ukraine's National Broadcasting Board issues fine to Public Radio for 0% Urkainian songsWorld July 22, 5:39
Femen movement activists faces 5 years in jail for trying to frustrate summit meetingWorld July 22, 4:38
Russian Deputy PM dismisses allegations he will arrive in Moldova on warplaneRussian Politics & Diplomacy July 22, 2:46
NEW DELHI, March 30 (Itar-Tass) — Russia-India military-technical cooperation portfolio amounts to $10.8 billion, head of the Russian delegation to the DefExpo 2012 exhibition, Deputy Director of the Federal Military-Technical Cooperation Service Vyacheslav Dzirkaln said on Friday.
“Military-technical contracts totaling $6.5 billion were signed with India in 2010, while contracts signed in 2011 had the value of $1.8 billion. The total contract portfolio is $10.8 billion,” Arms Tass quoted Dzirkaln.
Military-technical cooperation goes beyond the delivery of military commodities; it also includes the activity of joint ventures and licensed works, Rosoboronexport Deputy General Director Viktor Komardin said. The average annual amount of Russian-Indian military-technical cooperation stands at $3 billion. India’s share in the aggregate military-technical cooperation of Russia has been varying from 22-25% to 35-38%, Komardin said.