Admiral Gorshkov: India reconciled to price hike

India has reconciled to a price hike for procurement of Russian carrier Admiral Gorshkov and the government has constituted an experts committee to work out the increase, Naval Chief Sureesh Mehta on Tuesday said.

NEW DELHI: India has reconciled to a price hike for procurement of Russian carrier Admiral Gorshkov and the government has constituted an experts committee to work out the increase, Naval Chief Sureesh Mehta on Tuesday said.

"There will be some price hike. We need to pay extra amount and whatever amount is due as per contracts we will pay," Mehta, who had in the past opposed any renegotiations with Russia on a price hike demand, said.

His remarks assume significance in the wake of Defence Minister A K Antony's statement in Parliament that the expert team had discussed aspects of all additional works projected by the Russian side on the carrier.

"The process of examination of the scope and necessity for additional work has been initiated," the Minister said in Lok Sabha.

On Barak anti-missile system, the Naval Chief said that though the Navy needed more of them, it had built up enough stockpiles for the present.

Talking about maritime cooperation between India and Pakistan, Mehta said: "It is going well and confidence building measures are working in a positive manner and whatever the hurdles we have we will try to sort it out gradually."
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