Russia's President Vladimir Putin (R) shakes hands with India's Prime Minister Narendra Modi during a meeting at the Kremlin in Moscow, Russia, December 23, 2015. Picture taken December 23, 2015. REUTERS/Alexey Nikolsky/Sputnik/Kremlin
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India's Reliance Defense said Thursday it had signed a manufacturing and maintenance deal potentially worth $6 billion with Russia's Almaz-Antey, the maker of an air defense system that sources said the Indian military was poised to buy.Earlier this week, Indian defense ministry sources said the government had cleared the purchase of five S-400 air defense systems that are estimated to cost about $4.5 billion in a bid to modernize the country's defenses against airborne attacks.India is forecast to spend $250 billion over the next decade to upgrade its military and Modi's government wants a greater role for Indian state and defense firms.
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