DTN News: Indian Navy Aircraft Carrier INS Vikramaditya Or Admiral Gorshkov Price Agreed At $2.34 Billion

DTN News: Indian Navy Aircraft Carrier INS Vikramaditya Or Admiral Gorshkov Price Agreed At $2.34 Billion *Source: DTN News / Int'l Media (NSI News Source Info) NEW DELHI, India - February 18, 2010: Six years after the first agreement and the price escalation and hard talks that followed, the Defence Ministry is all set to seek the approval of the Cabinet Committee on Security (CCS) for acquisition of the aircraft carrier Admiral Gorshkov from Russia at a final cost of $2.34 billion — in January 2004, India first agreed to acquire Gorshkov at the refit cost of $974 million. Once cleared by the CCS, the Gorshkov deal will be signed during the visit of Russian PM Vladimir Putin on March 13. “The Gorshkov deal is in the final stages and the agreement will be signed as soon as the CCS gives a green signal to the proposal,” a senior official told The Indian Express. The 44,500-tonne carrier, which was to be initially delivered in 2008, will reach Indian waters in 2013-14 after its total overhaul, upgradation, weapon integration and sea trials.