Source: PressTV
http://www.presstv.ir/detail.aspx?id=120681§ionid=351020402
Russia plans to build 16 nuclear reactors in India as part of a bid to increase bilateral trade up to three-folds.
Russia and India hope to generate a 20-billion-dollar trade turnover over the next five years. Russian Prime Minister Vladimir Putin, who arrived in New Delhi along with a high-ranking delegation on March 12, is to sign more than a dozen multi-billion-dollar arms and energy deals.
Russia supplies 70 percent of India's military hardware. Putin has urged commercial ties to move beyond the limited scope of defense.
He has also acknowledged the growing competition to sell nuclear energy to India.
New Delhi has, in recent years, looked to Israel and the United States for military equipment and nuclear technology. In 2008 the US sealed a landmark nuclear deal with India.
The agreement allowed India access to nuclear technology despite its refusal to sign the Non-Proliferation Treaty
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