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India, Russia strike trade, arms deals during Putin visit Updated: 2021-12-07 07:03:34 KST

Indian Prime Minister Narendra Modi met Russian President Vladimir Putin in New Delhi on Monday, as the two leaders agreed to a massive arms and trade deal, that will further expand defense ties between the nations.
The massive deal includes a 5.4 billion U.S. dollar missile defense system sale to India, which was first agreed upon in 2018.
In addition to the missile defense system deal, India and Russia signed a 600 million dollar deal to locally manufacture hundreds of thousands of Russian AK-203 rifles, as well as an additional agreement to extend cooperation between the nations on military technology for the next decade.
The two countries already have deep ties in this area, as India's military has largely depended on Russian equipment for decades.
India and Russia have also agreed to set an ambitious goal of more than tripling their bilateral trade to 30 billion dollars by 2025.
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