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Monday, 24 December 2012 - Putin visits India, eyes arms sales, trade and political ties |
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See the best of Reuters photography.  See more | Photo caption  A Klingon Christmas Charles Dickens' classic tale is being adapted and translated into Klingon.  Slideshow  Land of the Maya Mayan culture thrived between A.D. 250 and 800.  Slideshow  Sponsored Links Putin visits India, eyes arms sales, trade and political ties Tweet Share this Email Print Related News Russian lawmakers back adoption ban in dispute with U.S. Fri, Dec 21 2012 Putin backs tit-for-tat response to U.S. rights law Thu, Dec 20 2012 Russian tycoon Khodorkovsky to walk free in 2014 Thu, Dec 20 2012 Russia expects Obama visit despite "mini-crisis" in ties Tue, Dec 18 2012 UPDATE 3-Russian tycoon becomes Norilsk CEO in board peace deal Mon, Dec 17 2012 Analysis & Opinion Delhi gang rape: protests for women’s rights attract politicking instead Delhi gang rape: a case for the death penalty Related Topics World » Russia » Russian President Vladimir Putin looks on during a joint news conference with European Council President Herman Van Rompuy and European Commission President Jose Manuel Barroso (unseen) following a European Union-Russia summit in Brussels December 21, 2012. Credit: Reuters/Francois Lenoir By Alexei Anishchuk MOSCOW | Sun Dec 23, 2012 7:05pm EST MOSCOW (Reuters) - Arms sales will be on the agenda when Russian President Vladimir Putin visits India on Monday to court a country that has traditionally been a top client. Putin's trip, his first to India since he started a new Kremlin six-year term in May, is a chance to reaffirm Russia's interest in India, long a regional ally and now a partner in the BRICS group of emerging market nations. In an article for publication in the Indian newspaper The Hindu on Monday, Putin stressed that "deepening friendship and cooperation with India is among the top priorities of our foreign policy". "India and Russia show an example of responsible leadership and collective actions in the international arena," he wrote, a veiled swipe at the West and in particular the United States, whom Putin accuses of seeking to impose its will on the world. Russian defense industry sources said the visit could produce deals on the sale of fighter jets and aircraft engines worth more than $7.5 billion. One said that could include the sale of 42 Sukhoi Su-30MKI fighters and a deal on the long-term supply of 970 warplane engines. The Kremlin said it expected the signing of "a number of large contracts in the area of military-technical cooperation", a term referring to weapons sales, licensing and servicing. However, warm ties dating back to the Soviet era have been complicated by recent Russian efforts to improve relations with Pakistan, one of Moscow's proxy enemies during the Soviet Union's war of occupation in Afghanistan in the 1980s. Relations between the world's second biggest arms exporter Russia and India, its largest buyer last year, have also run into sporadic problems including delays in the delivery of a reconditioned Soviet-built aircraft carrier, now expected late in 2013. MILITARY MIGHT India plans to spend about $100 billion over the next 10 years to upgrade its largely Soviet-era military equipment, as Asia's third largest economy looks to match its economic might with military power and warily eyes assertive Asian rival China. Moscow has warm political ties with China, another ally in opposing U.S. clout and a key consumer of the oil and gas that drives Russia's economy, but is thought to also be wary of a faster-growing neighbor with nearly 10 times its population. India relies on Russia for 60 percent of its arms purchases, but has diversified its suppliers in recent years. Putin announced record arms sales this year but wants to minimize the effect of the loss of deals with Libya and of uncertainty about the future of longtime client Syria on Russia's defense industry, an important source of political support for him. Putin, whose country took up the presidency of the G20 this month, also hopes for strong growth in overall trade with India. In his article, he said the volume of bilateral trade with India was expected to reach a record $10 billion this year, after declining due to the global financial crisis, and set a target of doubling that to $20 billion by 2015. For Putin, who will meet Prime Minister Manmohan Singh, President Pranab Mukherjee and senior lawmakers, India is the most distant destination since rumors of a back problem emerged after he was seen limping in September. He had originally been expected to travel to India last month but the Kremlin has dismissed suggestions he has serious health problems, and Putin implied last week that such talk was politically motivated. (Writing by Steve Gutterman; Editing by Andrew Osborn) World Russia Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.   Edition: U.S. Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter   Facebook   LinkedIn   RSS   Podcast   Newsletters   Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us   Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. 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