Business Standard

India still prefers the Russian bazaar

Buying Defence Part - II

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Rahul Bedi New Delhi
 Costly imports will continue to help India maintain both conventional and nuclear deterrence even though the price negotiation committee of the ministry of defence (MoD) has found several deals too steep and the all-party standing committee on defence has urged the floating of global tenders in the interests of competitive pricing.

 The two principal sticking points are a $750 million

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First Published: Sep 25 2003 | 12:00 AM IST

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