Indian, Russian firms sign 14 defence deals

Indian and Russian defence manufacturers signed as many as 14 preliminary agreements during the 5th India-Russia Military Industrial Conference (IRMIC) held on the sidelines of Defexpo-2020 at Lucknow

February 6, 2020

On the occasion, the first ‘request for proposal’ for manufacturing of parts in India under an Inter-Governmental Agreement (IGA) was also handed over by the Indian Navy

The IGA on joint manufacturing of spares in India was signed in Vladivostok, Russia, in September 2019 during the state visit of Prime Minister Shri Narendra Modi

India-Russia collaboration in defence manufacturing will benefit both nations, improving exports to third party countries while reducing manufacturing costs and supply timelines

Defence manufacturing partnership between the two nations is built on a strong history of aerospace and defence collaborations that has stood the test of time

Indian and Russian defence manufacturers signed as many as 14 preliminary agreements during the 5th India-Russia Military Industrial Conference (IRMIC) held on the sidelines of Defexpo-2020 at Lucknow. The event, held on February 6, was co-chaired by Dr. Ajay Kumar, defence secretary from the Indian Side and Oleg Ryazantsev, deputy minister of industry and trade of Russia. On the occasion, the first ‘request for proposal’ for the manufacturing of parts in India under an Inter-Governmental Agreement (IGA) was also handed over by the Indian Navy to the identified Indian industry. This is expected to pave way for more cases and contracts for joint manufacturing of spares parts in the days ahead. 

The IGA on joint manufacturing of spares in India was signed in Vladivostok, Russia, in September 2019 during the state visit of Prime Minister Shri Narendra Modi. The agreement provides the framework for partnership between Russian OEMs and the Indian industry for the manufacturing of spare parts of Russian origin equipment in use by the Indian defence forces. Since the signing of the IGA, the Indian side has taken a number of steps to expedite collaboration between Indian and Russian companies and the Indian government looks forward to expeditious commencement of manufacturing in India. At the conference, Mr. Ryazantsev highlighted that the Russian side would actively participate in the collaborations.

In November 2019, India’s Union Defence Minister Shri Rajnath Singh while inaugurating the India-Russia Defence Industry Cooperation Conference in Moscow had addressed the CEOs of Original Equipment Manufacturers (OEMs) for the defence industry. Minister Singh had stated that the Government of India encourages Russian OEMs to partner with Indian entities which will help reduce manufacturing costs and supply timelines. India-Russia collaboration in defence manufacturing will benefit both nations, greatly improving exports to third party countries. Defence manufacturing partnership between the two nations is built on a strong history of aerospace and defence collaborations that have stood the test of time.