India and Russia are likely to sign a contract soon on sale of Russian S-400 Triumf air defence system, a senior Russian official said, describing discussions on the deal to be at a "very profound stage".
Presently discussions are going on the exact number of S 400 Triumf air defence systems that will be bought by India, according to Viktor N Kladov, director for international cooperation and regional policy of Rostec, a state-owned Russian defence and industrial group.
Asked when will the contract be signed, Kladov said, "As soon as they prepare the contract it will be signed...I cannot give you the time as I don't know but anytime in future because the two teams are working very hard".
"It is being discussed and it is still at a very profound stage. Technical details are being discussed. The two teams are working very hard on negotiations. It is a very sophisticated system, lots of technical details are to be looked into.
"It also includes pricing, training, transfer of technologies, setting up of command and control centers. Even if we supply it now you can't use it as it will take two years to train your personnel only then you can use it," Kladov told
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.