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Asia Today ISSN 1861-4604 Monday, February 19, 2018

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India’s $5 billion missile deal negotiations in final stage

India had planned to buy at least 12 S-400 systems

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MOSCOW, Russia - A top Russian official has confirmed that the missile deal signed during Russian President Vladimir Putin's visit to India in October 2016 is in the final stages of negotiations.
The announcement comes at a time when Russia has started delivery of the S-400 Triumf air defence missile to China.
Sergey Chemezov, CEO of Rostec Corporation said in a recent interview that negotiations over the sale of the multi-barrel system with a range between 40 km and 400 km to India, are at an "advanced stage.”
Chemezov added that that the negotiations must not be hurried, but noted that negotiations revolved around factors like technology transfer, the final price and training of personnel.
Chemezov pointed out that it is important not to "rush" with the contract, and give both parties time for the negotiations.
He said, “Discussions on this contract are at an advanced stage. Currently, the technical details of the contract are being discussed.”
The deal was pitched to be worth $5.5 billion (Rs. 39,000 crore) is for "the supply of the most modern equipment for strategic purposes.”
Chemezov noted, "The inter-governmental agreement on this project was signed in Goa just one year ago. It is important not to rush things and give both parties time for negotiations."
Indian Defence Ministry officials have also said that the delivery of the missile system will begin two years after the contract is finalized.
Initially, India had planned to buy at least 12 S-400 systems but later pared it down to five.
Chemezov explained, "This is a very complex contract with many technical specifications and variables, as well as pricing conditions, production and delivery schedules. Everything must be carefully coordinated. I am confident that as soon as the negotiations are completed, the contract will be signed. The work is proceeding according to plan and its pace fully meets our expectations.”
The missile, which can simultaneously engage up to six targets, has been deployed in Syria, where Russia is targeting the Islamic State.

 

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