Eye On Business Pie, Official Says Russia Stood By India In Its 'Darkest Hours'

New Delhi: With deals over USD 12 billion signed between Indian and Russia, including leasing of a second nuclear submarine, Russia hopes to bag more projects as it termed itself as not just a business partner but an "ally" who stood by India in its "darkest hours".

Russia is eyeing the multi-billion dollar deal for P75-I project of India under which six conventional submarines are to be built with Air Independent Propulsion systems and the next aircraft carrier project besides the deal to jointly develop a fifth generation fighter aircraft.

Asserting that there is no limit to what India and Russia can do together, a top Russian defense official claimed the US and Europeans can never give what Moscow can and has offered.

 "We are ready not just to deliver most serious weapons, most important weapons but continue to give our state of art technology," said Sergey Chemezov, CEO of Rostec State Corporation, an umbrella organisation of 700 hi-tech civilian and military firms.

"Russia is a friend, an ally and not a business partner. Russia stood by India during its darkest hours. Next year will mark 70 years of our relationship. It is a long time," he said and noted that Russia had stood by India when it faced sanctions after the 1998 nuclear tests.

"Not so in the recent past, when India was under sanctions, we were pretty much the only partner for India. Russia has been a partner not only in every day military supplies but also most sensitive and most important supplies including a nuclear submarine which was rented to India for use," said Mr Chemezov who is also a close aide of Russian President Vladmir Putin.

"Come to think about it, I would not imagine any other country to do that, he said. Not in the past or in the future. I cannot imagine US or Europe giving India such a strategic asset," he said when asked about the tough competition that US and Europe are giving to Russia in the Indian defence market.