India to buy three more stealth frigates

New Delhi, July 6 (IANS) The Indian Navy will acquire three additional Talwar-class stealth frigates from Russia at a cost of Rs.55.14 billion, the government announced Thursday. The Cabinet Committee on Security, which met under the chairmanship of Prime Minister Manmohan Singh here, gave its approval to the purchase. Of the total cost, Rs.51.14 billion will be the cost of the warships and Rs 4 billion for additional equipment to be fitted on, Defence Minister Pranab Mukherjee told reporters after the meeting. The first ship will arrive five years after the signing of the contract. The committee also approved the procurement of 28 submarine-launched Klub land attack missiles at a cost of Rs8.44 billion. © 2006 Indo-Asian News Service

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