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Thursday, December 04, 2008

Green light given for renegotiation of price for Gorshkov
India's Cabinet Committee on Security cleared two major arms deal on Tuesday including the renegotiation of price for aircraft carrier Admiral Gorshkov.

Prime Minister Manmohan Singh gave in to Moscow’s demands and gave the go-ahead to the Defense Ministry to renegotiate the price for the carrier. This will allow the ship to start its trials by end of 2010.

The other deal involves the purchase of 80 Mi-17 helicopters for the Indian Air Force.

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