Tribune News Service
New Delhi, November 5
India will share with Russia a list of spares and items of military use, that it needs to be manufactured in India. Defence Minister Rajnath Singh on Tuesday in Moscow asked the Russians to identify the manufacturers on their side who can partner in production of the spares.
“We are eager to see several joint industrial activities in India on the basis of the existing agreement,” said Rajnath. Several of IAF planes like the Sukhoi 30 MKI, MiG 29, MiG 29K, AN 32, IL 76, among others are of Russian origin. Besides this, tanks, air defence guns and warships are of Russian origin.
Rajnath was addressing CEOs of Original Equipment Manufacturers (OEMs) from the Russian defence industry after jointly inaugurating the India-Russia Defence Industry Cooperation Conference in Moscow.
The Indian side highlighted the inter-governmental agreement (IGA) on mutual cooperation in joint manufacturing of spares, components, aggregates and other material related to Russian or Soviet origin arms and defence equipment that was signed between India and Russia on September 4, 2019, during the 20th India-Russia Annual Summit at Vladivostok.
The IGA defines broad framework of cooperation for manufacturing of spares in India by way of collaboration between the Indian industry and Russian OEMs. Rajnath assured that India would provide orders for procurement of agreed quantities at mutually decided price for a period not less than five years. This was expected to reduce cost, reduction in timelines of the supplies and progressive indigenisation of spares.
The minister said India was ready to explore opportunities and co-production of high-end defence equipment with Russia.
He also invited the Russian manufacturers to participate in the forthcoming DefExpo 2020, to be held in Lucknow, Uttar Pradesh from February 5-8, 2020.
from The Tribune https://ift.tt/2ChrsmE
via Today’s News Headlines
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