11 Jan '18, 3am

India to kick off price talks for Russian warships next week

India to kick off price talks for Russian warships next week

India and Russia will begin key price talks next week for the acquisition of four new stealth frigates to scale up the Indian Navy’s capabilities, a top government official familiar with the matter said on Wednesday. Two of the warships will be constructed at the Yantar Shipyard in Kaliningrad and the remaining two at Goa Shipyard Limited (GSL). “Price negotiation with a visiting Russian delegation will begin on January 15. GSL has the expertise and infrastructure to build the warships in the country,” said the public sector yard’s chairman, Rear Admiral Shekhar Mital (retd). India is prepared to drive a hard bargain for the project, said a defence ministry official tracking the navy’s modernisation programme. The navy currently operates six stealth frigates – three Talwar class and three Teg class – bought from Russia and inducted between 2003 and 2013. The new Grigorovic...

Full article: http://www.defencenews.in/article.aspx?id=525699

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