India, Russia to hold talks on Admiral Gorshkov

New Delhi, Dec 28 | Updated: Dec 29 2007, 07:13am hrs
In another bid to iron out differences over cost escalation of weapons systems including the aircraft carrier Admiral Groshkov, Indian and Russian defence officials open crucial talks next week.

The talks are being held after months of intensive informal counsultations and exchange of communication between the two sides on the issues, defence officials said here.

A Russian defence delegation and representatives of its armament industry arrives here this month-end.

The delegation will hold talks with Indian officials led by defence secretary Vijay Singh and top officials of defence finance.

Delivery of the naval carrier, which was scheduled in August next year, has been hit by Russians demand for a whopping 1.5 billion dollars more saying the warships now being upgraded in its shipyards would need almost 2,000 kmd of extra wiring to make its command and operational integration effective.

Under a contract signed in 2004, India had agreed to pay $1.2 billion for revamp of the carrier.

Ahead of the talks, defence minister AK Antony had held two days of crucial consultations with his top officials to firm up Indias stand at the parleys.