The two countries had signed the USD 947 million Gorshkov deal in 2004.
The deal amount was revised later to USD 2.3 billion.
The induction of Vikramaditya, which is expected to reach India in January 2014 and will be berthed at the Karwar naval base, will bolster India's maritime prowess in the region.
The Navy also has plans of inducting the Indegenous Aircraft Carrier, which is likely to join operational service around 2018-19.