India and Russia agreed to open talks on building the third and fourth reactors for a nuclear power plant in India’s southern state of Tamil Nadu. India is increasingly competing with China for global resources, from Africa to Latin America. Russia has been India’s close economic and political partner since Soviet days, and monopolized India’s defense market for decades, but New Delhi wants to reduce its reliance on one country to reflect its growing clout on the world stage. India’s growing ties with the United States, underscored by a landmark civil nuclear deal, has made Russia ill at ease. They also clinched a deal to expand capacity at a Russian-built nuclear power plant in south India. Russia and India signed a long-awaited contract to jointly develop a supersonic fifth generation fighter aircraft, invisible to radar like the U.S. India, the second fastest-growing major economy in the world after China, is one of the top arms importers and plans to spend tens of billions of dollars on defense in the next few years to upgrade its aging Soviet-era arsenal. Security Council - have all visited India in the last six months, securing contracts worth a total of around $50 billion. Leaders from Britain, the United States, France and China - along with Russia, the permanent members of the U.N. Security Council, following similar calls from Washington and Paris. Medvedev also threw his weight behind New Delhi’s bid to secure a permanent seat on an expanded U.N. Russia and India signed agreements on Tuesday to work on a design project for a fifth-generation fighter aircraft and expand capacity at the nuclear power plant in Kudankulam. Russia's President Dmitry Medvedev (L) shakes hands with Indian Prime Minister Manmohan Singh after a signing of agreements ceremony in New Delhi December 21, 2010.
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