Thursday, May 1, 2008
Russia's price turns out to be a lot more money than I would have expected.
Russia has proposed a price escalation of a staggering $1.2 billion for re-equipping aircraft carrier Admiral Gorshkov and technical evaluation and negotiations in this regard are underway, the government said on Wednesday.India will haggle in the press, complain, and ultimately take the deal. The Kitty Hawk would be the better option for India though.
Replying to questions in Rajya Sabha, Defence Minister A K Antony said the Russian side has indicated revision in time and cost for repairing the aircraft carrier due to 'growth of work'.
"The price escalation proposed by the Russian side is $1,202 million. The process of examination of the scope and necessity for additional work projected by the Russian side has been initiated," he said.