India would start receiving 16 MiG-29k fighters from Russia in 2007 for deployment on aircraft carrier "Admiral Gorshkov" undergoing refit.
Russia's MiG Corporation has been developing 12 carrier-based MiG-29K single seater fighters with multi-role capabilities and four twin-seater MiG-29KUB combat-cum-trainer aircraft as a part of the USD 1.5 billion Gorshkov deal signed in January 2004.
"The serial production of the planes has already commenced, the work is moving ahead strictly per-schedule," Director General of RAC MiG, Alexei Fedorov told reporters here, allaying fears about a delay in the deliveries due to financial problems of the corporation.
Fedorov, who has been the pointman in the successful implementation of Sukhoi Su-30MKI deal, was appointed MiG chief last year by the Russian government to salvage MiG-29K deal with India.
Russia is to complete the deliveries of the MiG-29K jets in India has an option of ordering another 30 carrier-based MiG-29K fighters for two indigenously developed air-defence ships (ADS) till year 2015.
Fedorov said although there has been progress in the supply of MiG spares to India the issue would be finally resolved 'maximum' in two years.
With the appointment of Fedorov, as the new chief, RAC MiG has decided to jump in the fray for the Indian tender for the supply of 126 fighters for replacing 40-year-old ageing MiG-21 fleet.
Russia is to pitch its newly developed MiG-29M and M2 multi-role combat aircraft against the US F-16, French Mirage-2000, 2005, Anglo-Swedish BAE-SAAB 'Grippen' in the tough competition.
"RAC MiG is to offer the license production of MiG-29M and MiG-29M2 to India, once tender is announced," Fedorov said.