India, Russia to finalize the deal of developing 5th generation fighter aircraft in “nearest future”
Source :News Bharati English   Date :19-Jul-2017

Moscow, July 19: India, Russia have 70 years of diplomatic relation where defense plays an important role. The plan of joint development of the fifth-generation fighter aircraft has been pending since a long time as it is a multi-billion dollar project. Giving a positive indication, a top Russian official has said it will be finalized in the “nearest future”.

Back in 2007, the countries inked an inter-governmental pact for the FGFA project in 2007. Sergei Chemezov, the CEO of Rostec State Corporation has commented that stage one of the project is over. As the work is complicated, the project will take time.

“As for the 5th generation (fighter aircraft) – the work is underway. Stage one is over. Now we are discussing the second stage. And I think that in the nearest future, all decisions will be made and the contract documents will be signed,” Chemezov told reporters on the sidelines of Russia’s premier air show MAKS 2017.

Almost two months ago, sources from New Delhi indicated that the ground work including some critical issues had been completed to finalize the deal. According to that source, the deal is to be signed in the 2nd half of the year. India will have equal rights over the new technology.