India and Russia will jointly develop a new fifth-generation fighter aircraft, under an agreement concluded during Russian defence minister Sergei Ivanov's recent visit to New Delhi. India's Hindustan Aeronautics and Russia's Sukhoi design bureau will collaborate on the joint project, which is expected to cost around $2 billion. Design and development work on the Sukhoi-derivative aircraft will take between five and seven years, with initial production slated for 2010.
Source: Flight International