India inks $5.43 bn deal to purchase 5 advanced S-400 triumph surface-to-missile from Russia

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India and Russia on October 5 widens range of cooperation exchange eight agreements and MoU’s following the discussions between Indian Prime Minister Narendra Modi and Russian President Vladimir Putin during the 19th India-Russia Annual Bilateral Summit in New Delhi.

During the summit President Putin invites PM Modi to 2019 Vladivostok Economic Forum.

Putin said, “It is my honour to invite Prime Minister Modi to the 2019 Vladivostok Economic Forum as the chief guest.”

PM Modi while talking about the future of India-Russia ties said, “The decisions that were taken today will further strengthen our ties in a world filled with challenges.”

Updates:

India inked $5.43 billion (Rs 40,000 crore) deal to purchase five advanced S-400 triumph surface-to-missile squadrons from Russia.

India and Russia discussed increasing mutual investments up to $15 billion.

Russia agreed to collaborate with India on large infrastructure projects to help build modern railroads in India.

Russia, India signed a document for cooperation to implement new nuclear power project. Both the nations plan to implement the project of six nuclear power units of Russian design at a new site in India, as well as further cooperation in third countries in new promising areas of nuclear technology, apart from the construction of nuclear power plants.