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Added on : 2019-06-24 08:59:09

India is lining up lucrative defence deals worth around $10 billion for the US over the next twothree years despite ongoing trade disputes and immigration concerns, even as New Delhi and Moscow have worked out a payment mechanism to get around Washington’s sanctions regime against acquisition of Russian weapon systems.
The latest mega defence deal being finalised by India under the foreign military sales (FMS) programme of the US is for the acquisition of 10 more Poseidon-8I longrange maritime patrol aircraft for over $3 billion, defence ministry (MoD) sources said.

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