India signs deal for 29 Russian MiG fighters: company

Last Updated: Fri, Mar 12, 2010 14:40 hrs

India signed a deal with Russia on Friday to buy 29 MiG-29 fighter jets, further cementing Moscow's role as New Delhi's principal arms supplier, the plane maker said.

"According to the contract, supplies will start in 2012," said Mikhail Pogosyan, the general director of both Russian plane makers RAC-MiG and Sukhoi.

He estimated the value of the deal at around 1.5 billion dollars.

The deal is on top of 16 MiG-29 planes New Delhi already agreed to buy for deployment on an aircraft carrier it also hopes to obtain from Russia.

Pogosyan was part of a large business delegation accompanying Russian Prime Minister Vladimir Putin on an official visit to India, which was expected to yield a slew of arms and nuclear energy deals worth more than 10 billion dollars.

Russia supplies 70 percent of India's military hardware but in recent years New Delhi has looked to other suppliers including Israel and the United States.

More from Sify: