Russia and India have signed a contract on the deliveries of the S-400 missile systems to New Delhi worth over $5 billion, Trend reports citing Sputnik.

Russia's state corporation Rostec General Director Sergey Chemezov has said, cited by Russian media, that both countries are currently in talks on the opening of the S-400 production line in India.

"Yes, we are discussing the localization [of S-400 production] with India as well", Chemezov said, adding that the closed deals on licensing of local production in India include also SU-30 jets and T-90 tanks.

Russian Deputy Prime Minister Yuri Borisov said earlier that Moscow would deliver S-400 air defence systems to India in strict accordance with the schedule and the contract has been already prepaid.