The most recent was South Block's approval to acquire 10 more Boeing Poseidon-8I long-range maritime reconnaissance aircraft. Designed to protect the vast coastline and territorial waters of India, the P-8I can conduct anti-submarine warfare, anti-surface warfare, intelligence operations, maritime patrol, and surveillance and reconnaissance missions.
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India and the US are also at an advanced stage of discussion to finalise the procurement of an advanced air defence system to protect parts of New Delhi from hostile aircraft and missiles. The helicopters, built by Lockheed Martin's Sikorsky Aircraft, will be procured under the 'government-to-government' route.
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Official sources claim that an agreement will be finalised in a few months and delivery can be expected by next year. Apache, a twin-engined helicopter, is operated by two pilots and, with its array of modern electronics, it is considered one of the most advanced combat helicopters. The F is in the race to get the IAF's medium multi-role jets tender. Delhi should not be shy in referring to the S case and highlighting that the US needs to make competitive advanced technologies available to India if it wants Delhi to curtail buying Russian technologies, rather than decrying a Russian offer with no competitive US counter-offer.
Said Harsh V.
Even if relations are less than positive on trade and geopolitical issues like Iran, defence is something where both countries have an interest and I think India has been able to accommodate American interests. The trajectory indicates that there is a clear shift in where India is buying from. Also, at a time when the AgustaWestland VVIP chopper deal with an Anglo-Italian firm or the Rafale jet deal with France have been mired in allegations of corruption, India's defence deals with Washington have been noncontroversial.
Defence analysts, however, say that it is going to be a tightrope walk for India while deciding upcoming defence acquisitions.
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India Closes on Russian Missile System Deal | Arms Control Association
Russia to supply critical components to India's Gaganyaan. All rights reserved. For reprint rights: Times Syndication Service. Choose your reason below and click on the Report button. This will alert our moderators to take action. Get instant notifications from Economic Times Allow Not now You can switch off notifications anytime using browser settings.
Russia, already India's biggest arms supplier, in line for more
Politics and Nation. Company Corporate Trends Deals. International Business World News. National International Industry. Market Watch. Pinterest Reddit. Bipindra and Evgenia Pismennaya India and Russia have agreed on a new payment method through their national currencies for multi-billion-dollar defense deals, in a bid to avoid risks created by the U. The arrangement would enable India to pay the first installment soon for two warships that Russia is building for its navy, two people familiar with the matter said in New Delhi, without elaborating.
Defense contracts will be settled in rubles and rupees under a payment agreement reached by the central banks of Russia and India, said a person in Moscow with knowledge of the preparations. While the new mechanism potentially opens the way for releasing billions of dollars in contract payments to Russia, it may still be dependent on India winning agreement from U.
Russia’s S-400: An offer US partners should refuse
President Donald Trump not to impose sanctions in retaliation. Even though the U. Seeking Waiver An increasingly important U.
The U. Still, India is attempting to obtain a U.
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Promsvyazbank PJSC, a central bank-controlled Russian lender that has been tasked with financing the defense industry to shield the two biggest state-owned banks Sberbank and VTB from the threat of U. Stopped Payments After the U. State Department decides whether a transaction is significant under the legislation, while the National Defense Authorization Act provides for a presidential waiver from sanctions.
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