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Sunday, March 25, 2007

India stands to lose Rs 900 crore in the Russian Sukhoi deal
India's recent new purchase of Su-30MKIs has raised a few eyebrows after it was revealed that offset requirements does not apply and the aircraft are now more expensive.

The Ministry of Defense claimed that the deal is based on the old contract signed in 1997 so the offsets don't apply.

As for the higher prices, it said it is not in any position to bargain since the Indian air force urgently needs combat aircraft.

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