The deal, worth around $3.3 billion, is the biggest deal since October 2018, when the two countries signed a $5.43 billion deal for five units of S-400 air missile defence systems.
New Delhi (Sputnik) — India and Russia, on Thursday, signed a $3.3 billion deal for leasing a third nuclear-powered attack submarine- Akula Class- in New Delhi. Defence sources confirmed to Sputnik that the two countries have signed the inter-governmental agreement (IGA) for the Akula class submarine which is likely to be delivered to the Indian Navy by 2025. One of the several incomplete Soviet-era Akula hulls mothballed at the Zvezdochka shipyard in Severodvinsk would undergo a deep refit and rebuild, to be fitted with Indian sensors, operation room electronics, and communication equipment before being delivered to India.
It is signed days after the two countries also opened a facility to manufacture AK-203 assault rifles for the Indian infantry in Amethi of Uttar Pradesh.