"Over the next decade, Russian-Indian military cooperation will focus on two projects: a utility transport and a fifth-generation fighter," said Russian Defense Minister Anatoly Serdyukov, who is on a two-day visit to India.
The jointly-produced fifth generation fighter will not be a copy of the existing Sukhoi T-50 prototype ordered for the Russian Air Force, but will be a separate creation, a high-profile source in the Russian delegation in New Delhi said.
The countries are planning to unveil a one-seater and a two-seater version of the fighter by 2015-2016.
The costs are planned to be shared by the two states fifty-fifty.
The Times of India earlier said India may invest over $25 billion on buying fifth-generation fighters for its Air Force.
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