The officials of the two countries have also agreed to ease visa regulations, to cooperate on a joint venture to build military helicopters in India, and to develop nuclear reactors in India.
However, the Indian arms market also becomes more and more attractive for other powers. For example, during the past several years the US has competed with Russia to become India’s largest arms supplier, primarily through sales of military aircraft and helicopters, the newspaper adds.
Nevertheless, the close defense partnership between Russia and India, which dates back decades, remains unperturbed by these developments.
"We do things with Russia and Russia does things with us which we don’t do with any other country," Indian Foreign Secretary Subrahmanyam Jaishankar told media this week, adding that Russia is “a very old and trusted partner."
Russia’s President Vladimir Putin and India’s Prime Minister didn’t publicly discuss the potential sale of Russia's state-of-the-art S-400 Triumf air defense systems to India during their meeting. However, an Indian arms company called Reliance Defense said Thursday that it signed a manufacturing and maintenance deal worth about $6 billion with Russia’s Almaz-Antey, the S-400 manufacturer, the Washington Post adds.