Report Says That India And Russia Sign Deal Of $500m For Construction Of Two Classic Warships
India, Russia sign $500 million deal for construction of 2 Classic warships The deal for the project was signed between India’s defence PSU Goa Shipyard Ltd and Russia’s state-run defence major Rosoboronexport Published on: Tue, Nov 20 2018. Vehicles are parked near the office building of Rosoboronexport company in Moscow, Russia. Photo: Reuters New Delhi: India and Russia Tuesday signed a $500 million deal for construction of two warships in Goa for the Indian Navy under the technology transfer model, officials said. They said the agreement for the project was signed between defence PSU Goa Shipyard Ltd (GSL) and Russia’s state-run defence major Rosoboronexport under the government-to-government framework for defence cooperation. Under the deal, Russia will provide design, technology and some materials to GSL for construction of the ships in India. “We have finalised a $500 million deal with Russia for construction of two warships ...