Russia to sell India helicopters, jet kits worth $2.9 billion

NEW DELHI Mon Dec 24, 2012 10:05am GMT

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NEW DELHI (Reuters) - Russia will sell India 71 military helicopters for $1.3 billion and technological kits to assemble 42 Sukhoi jet fighters for $1.6 billion, Kremlin officials said after a visit by Russian President Vladimir Putin to New Delhi on Monday.

Russia Helicopters and India's Elcom Systems Private Ltd will also set up a joint venture that will manufacture helicopters, the sources and India's foreign ministry said.

(Reporting by Alexei Anischuk; Writing by John Chalmers; Editing by Devidutta Tripathy)