Reports noted that India was looking to buy 29 more MIG-29 K aircraft worth around Rs. 5,380 crores ($1.12 billion) for the Navy. These are in addition to the 16 jets that India has already been contracted in 2004 in an initial combined deal worth $1.5 billion, to be based on the Gorshkov aircraft carrier1. These jets would also operate from the indigenous carrier, the Air Defence Ship (ADS) currently being built at Cochin Shipyard Ltd. And will be armed with air-to-air and air-to-surface missiles