Gorshkov Deal

After a three-year long renegotiation, the fresh price of Admiral Gorshkov aircraft carrier was finalised at USD 2.35 billion on Wednesday by the government, a day ahead of Russian Prime Minister Vladimir Putin's two-day visit to India.

India and Russia have also reached a broad agreement to break the logjam over the protracted bargaining over the Gorshkov aircraft carrier.

Navy Chief Admiral Sureesh Mehtaon Thursday defended the price being paid by India for the warship.

The Mumbai terror attacks, rise of China, and increase of piracy in the region, requires India to have Navy capable of projecting India's military power.

After a three-year long renegotiation, the fresh price of Admiral Gorshkov aircraft carrier was finalised at USD 2.35 billion on Wednesday by the government, a day ahead of Russian Prime Minister Vladimir Putin's two-day visit to India.

India and Russia have also reached a broad agreement to break the logjam over the protracted bargaining over the Gorshkov aircraft carrier.

Navy Chief Admiral Sureesh Mehtaon Thursday defended the price being paid by India for the warship.

The Mumbai terror attacks, rise of China, and increase of piracy in the region, requires India to have Navy capable of projecting India's military power.