India and Russia ink $500 deal for two missile warships

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India and Russia ink $500 deal for two missile warships

MOSCOW - India and Russia inked a $500 million deal for constructing two missile frigates in Goa for the Indian Navy on Tuesday.

This agreement follows another deal with Russia to buy S-400 air defence missile systems at a cost of around $5 billion.

The agreement for manufacturing the two Talvar-class warships was signed between defence Public Sector Undertaking Goa Shipyard Ltd (GSL) and Russia's state-run defence major Rosoboronexport under the government-to-government framework for defence cooperation.