The Make In India policy opens up new opportunities for Russian companies. Source: Getty Images
Officials from Russian manufacturers of spare parts for arms and ammunition will visit India to discuss the possibilities of setting up operations in the country, informed sources told RIR.
The officials will be part of a delegation led by Russian Minister of Trade and Energy Denis Manturov, who will visit Delhi on Mar. 17-18.
The Russian manufacturers will meet Indian corporates as well as acting Defence Minister Arun Jaitely, who has been given the defence portfolio after Manohar Parrikar left his post to become the chief minister of Goa.
“Russia is the only country that has huge experience of licensed production of its military equipment in India,” Makienko wrote. “In fact, ever since the Soviet Union entered the Indian market in 1960s, Moscow worked according to the Make In India principle.”
He added that even the first projects of supplying MiG-21 second generation aircraft included a license transfer allowing their production in India. “This practice continued with new MiG-23 and MiG-27 aircraft and reached its peak with the implementation of the Su-30MKI programme,” Makienko wrote. “Russia was also quite actively cooperating in other projects, such as in ship building in Indian shipyards, as well as in producing T-72C and T-90C tanks for the Indian Army.”
If using any of Russia Beyond's content, partly or in full, always provide an active hyperlink to the original material.
to our newsletter!
Get the week's best stories straight to your inbox