Updated: July 8, 2018 2:45:26 pm
India has conveyed to Russia its unwillingness to go ahead with the joint development of a fifth-generation fighter aircraft (FGFA) primarily due to high cost involved in the project, official sources said.
They, however, said the negotiations between the two countries on the much ambitious project have not yet been shelved as India was ready to have a re-look at co-development of the jet if an appropriate cost-sharing formula between the two countries was arrived at.
India and Russia had signed an inter-governmental agreement for the mega project in 2007, vowing to take the military ties between the two strategic partners to the next level. However, the project has been stuck for the last 11 years as there…