Admiral Gorshkov Cleared By The Cabinet For $2.35 Billion
The cabinet panel cleared the $2.35 billion fresh price for the aircraft carrier Admiral Gorshkov which India has purchased from Russia, an official said. The clearance comes a day before Russian Prime Minister Vladimir Putin arrives here on a two-day visit. "The cabinet committee on security (CCS) has given its approval to the fresh price for Gorshkov," a defense ministry official said. The long-delayed re-negotiated pact for the carrier, re-named INS Vikramaditya, will be among defense deals worth $4 billion that are expected to be finalized during Putin's two-day visit. The warship, originally purchased for $1.5 billion, is currently undergoing a refit at Russia's Sevmash shipyard. Of this, $974 million was meant for the refit and the balance for a squadron of MiG-29K combats jets that will be deployed on the vessel. Citing additional costs for the refit, Moscow had jacked up the price to $2.9 billion. New Delhi wanted the price to be scaled back to $2.1 billion. Prime Minister Manmohan Singh, during his visit to Moscow last December also pushed for the finalization of the fresh price.
The cabinet panel cleared the $2.35 billion fresh price for the aircraft carrier Admiral Gorshkov which India has purchased from Russia, an official said. The clearance comes a day before Russian Prime Minister Vladimir Putin arrives here on a two-day visit. "The cabinet committee on security (CCS) has given its approval to the fresh price for Gorshkov," a defense ministry official said. The long-delayed re-negotiated pact for the carrier, re-named INS Vikramaditya, will be among defense deals worth $4 billion that are expected to be finalized during Putin's two-day visit. The warship, originally purchased for $1.5 billion, is currently undergoing a refit at Russia's Sevmash shipyard. Of this, $974 million was meant for the refit and the balance for a squadron of MiG-29K combats jets that will be deployed on the vessel. Citing additional costs for the refit, Moscow had jacked up the price to $2.9 billion. New Delhi wanted the price to be scaled back to $2.1 billion. Prime Minister Manmohan Singh, during his visit to Moscow last December also pushed for the finalization of the fresh price.
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