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At a Glance : INS Vikramaditya, India's new Aircraft Carrier

New Delhi: India is surrounded by water on  three sides  and so it become utmost important that India should have  a strong naval force  through which it  can protect the country from any act of

India TV News Desk Published : Nov 23, 2014 21:34 IST, Updated : Jan 16, 2015 12:06 IST

Protracted negotiations followed, with the refit cost jumping from $400 million to $700 million.

In January 2004, a $1.5 billion package deal was eventually inked, with $974 million earmarked for the refit and rest for 16 MiG-29Ks. Gorshkov was then to be delivered by August 2008. But more was to follow, with Russia milking India on the ground the refit work had been grossly underestimated.
 
 Amid the bitter wrangling, which injected a distinct chill into bilateral ties, the then Navy chief Admiral Sureesh Mehta even accused Russia of reneging from what was a "fixed price contract".
 

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