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A few days back India and Russia finalised joint fifth generation fighter aircraft (FGFA) and multirole transport aircraft (MTA) projects to be completed over the next decade as part of which India will acquire about 250-300 FGFAs and 45 MTAs. The Indian Defence Minister underlined that these would be the flagship Indo-Russian joint projects as the joint development of Brahmos cruise missiles has been a positive experiment that would serve as a model for FGFA and MTA projects. India also raised the issue of inordinate delays in the delivery of Russian defence systems, resulting in considerable cost escalation. The delivery of the aircraft carrier, Admiral Gorshkov, has now been finalised for 2012-13 after India agreed to pay Russia $2.34 billion earlier this year as opposed to the original price of $974 million agreed to in 2004.
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