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Russia has been agreed to lease a second nuclear submarine to India in a deal which will cost around $2 billion. According to the sources the deal was struck during the meeting between Indian Prime Minister Narendra Modi and Russian President Putin on October 15th on the sidelines of the BRICS meet in Goa. However, it was not part of the slew of announcements made after the talks. The Defence Ministry and the Navy did not offer any information on the subject since it was a strategic platform coming under direct purview of the Prime Minister's Office.


In Goa, India and Russia announced an over USD 3 billion frigate deal. Under the Pact, two furtiveness frigates will built in Russia while the other two would be built in India under license production. The Akula 2 class submarine, though not the latest class of nuclear-powered fast-attack submarines in the world, is still considered one of the most advanced. Capable of yacht at speeds up to 35 knots (nearly 65 km per hour) under water, it is among the quietest Russian submarines.
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India and Russia are expected to sign a pact on 15th October for the delivery of an advanced air defence system to Delhi, according to sources. The S-400 missiles are Moscow's most enlightened aircraft defence system. Yuri Ushakov (Russian Diplomat) said the pact would be signed at a summit in Goa where Russian President Vladimir Putin will hold talks with Indian Prime Minister Narendra Modi. India is hosting a Brics summit in Goa this weekend involving Russia, Brazil, South Africa and China. An pact on the delivery of S-400 'Triumph' anti-missile defence systems and other deals will be signed as a result of the talks.

The S-400 surface to air missiles have been positioned in Syria, where Russian forces have been operating in support of the Government of President Bashar Al-Assad. India and Russia were close knit during the Cold War, but recent the relationships are becoming more complex.
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Russian President Vladimir Putin welcomed Indian Prime Minister Narendra Modi in Kremlin on Wednesday.

Narendra Modi is in Moscow for a two-day visit to attend an annual summit between the two nations. He is expected to hold formal talks with Putin on economic and political issues on Thursday, including the declassification of files of India's freedom fighter Subhas Chandra Bose.
Modi will also address the Indian community and visit Russian centre for national disaster management process. The mutual investment between the two countries stands at US$11 billion, which as India aims, should reach US$30 billion in another 10 years.
India has termed Russia as an "old and trusted" partner. Russia has also supported India's bid to become a permanent member of United Nations Security Council.
A number of agreements will be signed by the two sides during the visit, some of which are awaiting final touches. Discussions on Free-Trade area, Eurasian Economic zone, boosting tourism and agro trade between the two countries will be taken up.
Modi is expected to promote deals for Russian nuclear reactors and military helicopters worth billions of dollars, attracted by promises to transfer technology that Western nations have been slow to make.
Russia and India will manufacture 200 Kamov-226T helicopters in a joint venture, a Russian and an Indian government official said, in the first big step for Modi's campaign to build a domestic industrial base and reduce the military's dependence on expensive imports.
Modi will also offer Russia a site in Andhra Pradesh to build six nuclear reactors of 1,200 megawatts each, sources said.