India signs military deal with Russia

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  Vladimir Putin visits to India
  $2 billion investment fund
  Finalised 10 agreements
  Two military contracts, worth about Rs. 20,000 crore
  Some issues of disagreement also there
  To take the initial steps towards operating a “ranging station” that will help accurately fix the location of satellites.
  Equity participation through ONGC-OVL

On Russian president Vladimir Putin’s visit to India, both nations moved further to strengthen their economic relations by inking a pact on a Kremlin-backed $2 billion investment fund and consenting to open talks on a Comprehensive Economic Partnership Agreement (CEPA) that will also involve Belarus and Kazakhstan. At the 12th annual summit, the two countries finalised 10 agreements. Among them were two military contracts, worth about Rs. 20,000 crore.