MOSCOW (Web Desk) – India has announced a large-scale development program for the Indian Military, which could be worth $150 billion.
Indian Prime Minister Narendra Modi is on a two-day visit to Moscow.
The announcement comes as Moscow and New Delhi plan to sign a number of multi-billion dollar defense and nuclear energy deals, RT reported.
India has already approved the purchase of five S-400 air defense systems from Russia which is part of the biggest arms deal between the two countries in last ten years.
Among other arms contracts expected to be signed is the purchase of 200 light Ka-226T helicopters, which would replace India’s outdated Cheetah and HAL Chetak machines.
The countries will also discuss hydrocarbon exploration and the development on Russia’s Arctic shelf, as well as the construction of nuclear power plants in India.