India to Invest $650 Milion In Russian Aircraft Carrier
Emerging Markets Economy, Dec 4, 2003
India has completed negotiations on a long-delayed purchase of the Admiral Gorshkov aircraft carrier, a top Indian defense official said.
Head of India's navy, Adm. Madhvendra Singh said that New Delhi will pay $652 million to retrofit the carrier, with the deal to be signed by March. Singh did not elaborate on how much India will pay for 20 MiG-29Ks to be fitted on the Gorshkov's deck once the upgrade is complete. - (EMEconomy.com)
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