India Inks S-400 Missile Defense System Deal With Russia For $10.6 Billion

India has sealed the modalities of the S-400 anti-ballistic missile systems with Moscow for an approximate US $10.6 billion (INR 70,000 Crore).

The modalities, including the price of deal and number of systems to be acquired, were agreed upon in the meeting of India-Russia Inter Governmental Commission on Military-Technical-Cooperation (IRIGC-MTC) which concluded Monday in Moscow; with Defence Minister Manohar Parrikar co-chairing it jointly with his Russian counterpart Sergei Shoigu, Indian newswire UNI reported quoting top sources in the Defense Ministry Monday.

The mega deal, along with an agreement to get another nuclear submarine, is likely to be formally signed during the visit to Russia of Prime Minister Narendra Modi, who would be travelling to Moscow sometime in December for an annual summit with President Vladimir Putin, the sources told UNI.