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India and Russia are in advanced stage
of negotiations in a USD 10
billion-defense deal to modernize
outdated Soviet Union and Russian
equipment. The deal will include an
S-300 missile defense system, license
to produce 1000 tanks, development and
production of medium transport
aircraft, submarines, and conceptual
work on a fifth generation fighter
aircraft and an aero-engine. Russia is
backing a proposal from Sukhoi to sell
the same aircraft being inducted into
Russian Air Force. The timely supply
of spares is a major issue with
Russian equipment.
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