Russia Signs MoU With Indian Firms

Identifies 19 companies to make defence products

Russia has identified about 19 companies in India to manufacture defence products and provide spares and components of Russian platforms currently being used by India’s defence forces, Defence Production secretary Ajay Kumar said.

“It (the JVs) brings down our cost, reduces the delay in terms of getting the spares, getting the servicing done (which) in turn again reduces the cost of keeping a certain level of inventory. These will open up huge opportunities for manufacturing in India, both for Indian needs and exports,” Dr. Kumar said on the sidelines of a CII conference on Aerospace and Defence Manufacturing Technologies here.

He also said India was in the process of finalising the security agreement with the United States that would enable classified information to be shared between the industries of India and the U.S. “so that greater amount of industry-to-industry linkage can take place”. Read More

You may also read!

US could lose in war with China or Russia, panel warns

The United States is facing a national security and military crisis and could lose in a war against Russia


Is there anyone from IAF in court now, asks CJI on Rafale

The Supreme Court reserved verdict on Wednesday on PILs seeking a CBI probe into alleged financial and procedural irregularities


ASEAN: Furthering India’s interests in Indo-Pacific

Prime Minister Narendra Modi is in Singapore this week to attend the East Asia Summit, ASEAN-India informal meet and


Leave a reply:

Your email address will not be published.

Mobile Sliding Menu