31/10/2014 19:22
RIA Novosti


India set to buy around 300 5th generation fighters from Russia

Topic: Russia-India partnership

Russian Defense Minister Anatoly Serdyukov
15:06 07/10/2010

India is planning to buy up to 300 co-produced fifth-generation fighters and 45 military transport aircraft from Russia, the Indian defense minister said on Thursday.

"Over the next decade, Russian-Indian military cooperation will focus on two projects: transport aircraft and a fifth-generation fighter," said Russian Defense Minister Anatoly Serdyukov, who is on a two-day visit to India.

The jointly-produced fifth generation fighter will not be a copy of the existing Sukhoi T-50 prototype ordered for the Russian Air Force, but will be a separate creation, a high-profile source in the Russian delegation in New Delhi said.

The countries are planning to unveil a one-seater and a two-seater version of the fighter by 2015-2016.

The costs are planned to be shared by the two states fifty-fifty.

The Times of India earlier said India may invest over $25 billion on buying fifth-generation fighters for its Air Force.


NEW DELHI, October 7 (RIA Novosti)


  • Add to blog
  • Send to friend
  • Share

Add to blog

You may place this material on your blog by copying the link.

Publication code:


RIA NovostiRussian Defense Minister Anatoly SerdyukovIndia set to buy around 300 5th generation fighters from Russia

15:06 07/10/2010 India is planning to buy up to 300 co-produced fifth-generation fighters and 45 military transport aircraft from Russia, the Indian defense minister said on Thursday.>>

Send by e-mail

All fields are required!

Leave a comment
  • arnoldvinette@yahoo.comThis a great contract win for both Russia & India
    19:17, 07/10/2010
    This a great contract win for both Russia & India

    With 300 new co-produced MiG-35 jet fighters and 45 new utility transports this will give both Russian and Indian aerospace industries a lot of work to do from now until 2015 and 2016.

    It is extremely important for both the Russian and Indian air-forces to be completely modernized by 2015, because between 2015 & 2020 there is going to be a lot of world turmoil as worldwide oil supplies begin to run out.

    During this time period all countries that depend on oil imports are going to begin to panic. This will include all European Nato countries, the United States, china and India to name just a few.

    It is very important to understand that worldwide oil reservoirs do not need to run out of oil for the collapse to start. The oil reservoirs just need to decline sufficiently as to not meet worldwide demand. This is when the trouble will start. Oil prices will start to rise and will not stop.

    By 2030 the oil civilization we know today will not exist. The countries that ultimately survive are those that are able to quickly migrate to a new energy fuel to power their transportation system.

    The United States and Canada are the the countries at the greatest risk for turmoil as oil prices spike upwards. China's new modern economy will suffer as well as they are buying more and more gasoline powered cars. China is one country that is driving literally towards a cliff.

    In order to protect their oil reserves Russia will have to have a strong military deterrent in place. One of these deterrents will be there MiG-35 jet fighters, subs with nuclear missiles, and other armaments.

    I am not quite sure what India has in way of energy resources to defend against, perhaps they just need to protect against invasion from China for what ever reason.

    But military weapons will not be a defense against the collapse of the worldwide financial markets. Banking institutions and financial markets today are all tied to the availability of cheap energy. The 2020 the current model for financial markets will not work and they will collapse.


    Why? Because the world's current banking system is based on cheap available energy. Was anyone paying attention in 2008-2009 when the banking system around the world begin to collapse when energy prices started to climb to $150 a barrel for oil?

    First the airlines will collapse, then car companies making large vehicles like SUV's and trucks will collapse, the trucking system will stop to function, the mortgage market will then collapse, and then all industries dependent on oil will began to collapse and fail. These industries include plastics, fertilizers and so forth.

    The current modern banking system is flawed and will fail between 2015 and 2020 when world oil energy supplies decline to such a point that they can no longer meet worldwide demand. At this point energy prices for oil and natural gas will go stratospheric. When this happens the business failures will begin in the United States and spread around the world. The question is not if this will happen, but rather when between 2015 and 2020?

    This is only 5 to 10 years away.

    There will be no recovery from this event. It is permanent unlike the 2008 – 2009 energy crisis!

    By 2030 the modern industrial world using oil is over. It will not be coming back. Business failures around the world would have a cascade effect through much of the industrialized world leaving hundreds of millions unemployed and homeless unable to buy food, clothes or pay their mortgage or rent.

    To avoid the above scenario a completely new banking & financial system has to be introduced.

    Russia and India should lead this initiative, creating an entirely new financial structure and money supply. India is one of the wealthiest countries in the world once it moves to the new financial system of work credits.

    Russia and India need to prepare themselves to divorce their countries from the current worldwide banking system, which is based on cheap energy, a way of doing business that was proven in 2008 – 2009 to be deeply flawed.

    The current banking system based on cheap energy will fail between 2015 and 2020 when energy prices sky rocket do to oil and natural gas shortages. It is unavoidable.

    The alternative financial and banking solution is begin valuing a country's money supply based on the population of that country and their ability to do work to benefit that country.

    In this way Russia and India will never experience a shortage of money to pay its citizens to do work.

    India by default becomes one of the richest countries in the world, simply based on its population. In a “work Credit” based society your population and its ability to do work is your country's greatest natural resource.

    This financial concept is called “Work Credits” and it is independent of cheap energy supplies and rare earth minerals.

    It is based on the simple fact that a person is a country's most valuable natural resource.

    Money is an invention of man. By its very nature it is unlimited depending on what is being valued.

    Russia and India need to redefine how their financial banking system works in relation to its people. People are the only things that need money in a human society. So it only makes sense to make people the basis of their country's money supply.

    If country's want to do business with Russia and India they MUST follow Russia and India's lead and adopt the financial concept of “Work Credits”.

    People MUST become the most valuable natural resource by which a country's money supply is determined and valued. This allows a country to keep its citizens employed 100% on projects that will benefit its communities, cities, states and country, independent of available energy resources..

    As part of this unique valuation

    Children are now paid to go to school, learn and do homework. The income they earn goes to their parents to help feed, clothe, house and raise them. This payment occurs from 0 to 18 years of age for public school and 19 to 25 for college and university. This new financial system will allow Russian families to have more children and increase their population. India just needs a way to generate more money with which to pay its people to do work to benefit their society. India does not need more children, what it does need is a way to harness the working power it already has.

    In a “Work Credit” financial system, having children becomes an economic asset to young parents increasing their net worth and that of their country. This is because each new person brings a predetermined value to the country's money supply. Money that will be used to pay the parents to raise their child from 0 to 18 years providing clothes, food, shelter, education and so forth. From 19 to 25 young adults are paid to go to college and university to learn as much as possible in the field they would like to pursue.

    In today's financial system having children is an economic burden. The result is that Russia's population has been steadily decreasing. This can be easily changed by making children an economic asset to young families and the country.

    After 18 years kids will be encouraged to continue their studies at college or university where again they will be paid to go to school, study and learn preparing them for education intensive jobs like software developers, medical fields and so forth.

    One of the dumbest aspects of our current financial system is making kids pay to go to school, forcing them into debt. Why would any society place a financial burden on a student wanting to obtain a higher education? This discourages kids from getting a higher education, something that immediately puts the future of the country at a disadvantage.

    Going to school is a job that later benefits the entire society. Students are paid to go to school to obtain the highest level of education they can achieve. Once this education has been received they are ready to benefit their community, city, state and country to the maximum of their ability.

    Upon finishing public school / college or university young people have a solid nest egg to purchase a home, start a company, go to work and begin a family if there is a desire.

    People over 18 will also be free to work at what ever tasks they want to do that benefit their community, city, state and country. If not working for a company or the government, their work effort will assigned a value based on need and paid by the state.

    This will allow an unprecedented number of creative people to work in their society earning an income while developing new products, inventions or discoveries. This element of financial freedom is missing in today's society. What happens is that many very intelligent people are under employed in order to work minimum wage jobs to get by.

    In a “Work Credit” society people are able to work at their highest level of intelligence and capability resulting in an explosion of new products, ideas, programs and services. They are paid to work at what they love to do and this is the greatest motivator for any inventor and entrepreneur.

    Today's financial structure holds tens of millions of people back as their talent is wasted on simplistic minimum wage jobs that have nothing to do with their specialty. It is a colossal waste of human capital.

    In a “Work Credit” society entrepreneurs are rewarded financially twice. First the entrepreneur is paid by the state to develop a product or service and is then paid again if it generates profits. Entrepreneurs are a country's greatest asset to develop new products with which to improve life in the community, city, state, and country.

    New inventions and products can come from anyone at any time and so in a “Work Credit” society the entrepreneur is encouraged to keep trying to invent and develop new products by being paid for his work effort. History has shown again and again that it sometimes takes years and infinite work effort to make a break through that results in a new product or discovery. “Work Credits” allow inventors, craftsmen and developers the steady income they need to continue their work.

    The “Work Credit” system is capitalism with a steady money supply akin to venture capital.

    Not all jobs in a “Work Credit” society are paid equally. Where skills are required and country priorities lie people will be paid more to do this type of work.

    “Work Credits” are always in flux for positions depending on societies need. The more a specific skill is required the more it is compensated for. People's natural greed fills these required positions.

    What makes this financial concept so powerful is that it is energy independent. A country could have no energy and still be able to pay its citizens to work. This is because the country's money supply is based on its people and their ability to do work to benefit their society and not on cheap energy or rare earth minerals.

    It is based on the most important natural resource a country has its people and their ability to do work to benefit their community, city, state and country.

    The world's current interconnected banking system will fail between 2015 to 2020. This has already been proven during the energy crisis of 2008 & 2009. (This energy crisis was precipitated by the mortgage derivative collapse in the United States, which then carried around the world. Lehman & Brothers had options on oil supplies. When their mortgage industry collapsed their options on oil were triggered simulating a shortage of oil resulting in the price of oil doubling.) The resulting impact of high oil prices caused companies around the United States and the world to start to fail financially.

    Between 2015 and 2020 the shortage of oil will be real. The same process will start again. The banking system will fail as it is completely dependent on cheap energy. Cheap energy being oil and natural gas. By 2030 our current oil based civilization will not exist.

    The Governments of Russia and India need to prepare a plan of action to divorce themselves from the current world banking system and form a new financial banking system that is independent of cheap energy (oil, natural gas and mineral resources) and instead be dependent on the people who live in their countries.

    People are a country's most valuable resource and their ability to do work to benefit their community, city, state, and country. Assign a value to each person in the country and use this as the basis of the country's money supply.

    Many senior banking and finance officials will disagree with this approach, because they cannot and will not see the danger that is rapidly coming up in 2015 to 2020 and most certainly by 2030 when our oil based civilization ends. There is a need for control, which is driven by greed. This greed is what will eventually topple the current financial system between 2015 and 2020.

    Russia and India need to redefine its banking system and rules for a central money supply. Russia and India's money supply needs to be independent of cheap energy supplies and rare earth mineral resources. and based on its true valuable natural resource, its people to ensure it prospers as a viable country while the rest of the world collapses under an unsustainable banking system based on cheap energy.

    So while jointly building the new 300 MiG-35 Jet fighters and 45 transport aircraft for use in 2015 & 2016, it is very important for these two governments to keep an eye on the bigger energy and financial picture.

    These defensive weapons are being developed to prevent attacks for their energy resources and territory. There are going to be some major worldwide conflicts between 2015 and 2030 based on declining worldwide oil supplies.

    Solutions need to be found and implemented to keep human civilization running that will minimize this global conflict. One of the biggest solutions to prevent war and keep countries running financially are “Work Credits”.

    All the weapons in the world will not stop the financial global collapse that is coming due to the end of cheap oil energy. A new way of thinking in governing human society needs to take place. This change is implementing the concept of “Work Credits”. Value your country's population as its greatest natural resource, give it a value to be paid back over the life of the individual. That individual will be paid to work to benefit his community, city, state and country regardless of available energy resources.

    Arnold Vinette

    Arnold Vinette is actively involved in promoting positive relations between Russia, Canada and the United States using the artwork and short stories from the kids in their respective countries. A recent proposal sent to Canadian Foreign Minister Lawrence Cannon has now been forwarded to the Minister of CIDA (Canadian International Development Agency ) Beverley J. Oda for for approval and funding of a $100 million project that will process 5 million pieces of student artwork from Russia for a series of "Russian Kids Art Album eBooks" creating 1,025 jobs in Ottawa / Gatineau Canada. The goal to promote better understanding of modern Russia, its people, culture, traditions and modern lifestyle. If successful the project will involve Russian Foreign Minister Sergei Lavrov, Russian International Development Agency, eventually gaining support from President Dmitry Medvedev and Russian Prime Minister Vladimir Putin.
    • aMiG-35 is NOT Sukhoi T-50!
      22:35, 07/10/2010
      Mr Vinet
      "MiG-35" has NOTHING to do with Sukhoi T-50 and future Indo-Russian FGFA.
      Perhaps it's useful to learn basics or read article carefully before writing 1 page comment!

    © 2014  RIA Novosti
    Some material may be inappropriate for those under 18