India to buy 250-300 fighter jets from Russia: minister

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India has agreed to buy 250 to 300 advanced stealth fighter jets from Russia, Defence Minister A.K. Antony said Thursday, announcing a deal that could be worth up to 30 billion dollars.

Antony told a press conference with his counterpart Anatoly Serdyukov that the countries had agreed that Russia would supply the Fifth Generation Fighter Aircraft (FGFA) as well as 45 transport planes.

"India will receive 250-300 most advanced FGFAs," Antony said. "These are the two major projects for the next ten years which will be a shining example of Indian-Russian cooperation."

Experts say each FGFA is worth up to 100 million dollars.

© 2010 AFP

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