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Defence NewsDefExpo: 14 MoUs signed at India-Russia conference

DefExpo: 14 MoUs signed at India-Russia conference

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Lucknow: The 5th round of India-Russia Military Industrial Conference (IRMIC) was conducted on February 6 on the sidelines of Defexpo-2020 at Lucknow and a total of 14 MoUs were signed on the occasion. The conference was co-chaired by Dr Ajay Kumar, Defence Secretary, Ministry of Defence and Oleg Ryazantsev, Deputy Minister of Industry and Trade of Russian Federation.

India-Russia conference: Govt stresses on expediting collaboration

In his opening remarks at the India-Russia Military Industrial Conference, Kumar, brought out that the Inter-Governmental Agreement (IGA) on joint manufacturing of spares in India has been signed at Vladivostok, Russia, on September 4. The IGA provides the framework for partnership between Russian OEMs with Indian industry for manufacturing of spare parts of Russian origin equipment in use by the Indian Defence Forces.

Dr Kumar further said that the Indian side has taken a number of steps to expedite the collaboration between Indian and Russian companies and looks forward to the expeditious commencement of manufacturing in India.

14 MoUs exchanged between India and Russia

The Russian Deputy Minister, Oleg Ryazantsev, said that the Russian side would actively participate in the collaborations under the ambit of the IGA and would take all necessary steps to facilitate the manufacturing of parts in India.

A large number of delegates from Indian and Russian defence sector companies participated in the conference and discussed the way forward to achieve the objectives of the Inter-Governmental Agreement under the Make in India initiative.

During the conference, a total of 14 MoUs were exchanged between the Russian OEMs and the Indian companies. The first ‘Request for Proposal’ for manufacturing of parts in India under the provision of IGA was also handed over by the Indian Navy to the identified Indian industry. The sides acknowledged that this would pave way for more cases and contracts for joint manufacturing of spares parts, in the days ahead.

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