Indian and Russian companies signed seven Memorandums of Understanding (MoUs) to indigense the manufacturing of spare parts of defence products. The ministry of defence included 48 components across all platforms which are to be produced by the domestic companies in collaboration with the Russian partner. The Indian Armed Forces are pushing for the joint ventures under the ’Make in India’ model.
Indian Tri-Services officials, Indian firms and Russian firms had a few rounds of meeting during the third Indian-Russian Military Industrial conference which was held at DefExpo 2018 on Friday. The Indian Navy considered this as a cost saving move. According to a report published in The Times of India, Rear Admiral and Assistant Chief of Naval Staff V M Doss said that this would lead to a saving of 400% to 2,000%. He further added that The Navy was looking to indigenise spare parts of MIG 29k planes which were inducted in 2009 and would be in service till 2037 to 2040.
According to a press release, Larsen and Toubro (L&T) and Moscow-based Rosoboronexport signed a MoU for developing underwater platforms for Indian Navy. Ananth Technologies signed two agreements with Russian companies JSC Concern Radio-Electronic Technologies (KRET) and Research and Production Corporation Uralvagonzavod. The agreement inked with KRET would provide product support to develop defence systems and to manufacture spare parts and providing service and maintenance for such items, while Ananth Technologies’ pact with Research and Production Corporation Uralvagonzavod would set up technical and logistic support for T90S and T72 Tanks to the Indian Army.
Another agreement signed between Space Era and Concern Radio-Electronic Technologies would ensure maximum operational availability of Sukhoi-30 MKI and Helicopters of MI 8, MI 17 and MI 35 Type helicopters by forming a strategic partnership for technical and logistics support. A MoU was also signed between Russian firm OSKROSOMARINE and JSC AGAT for development of Fregat radar on-board Indian Naval frontline warships.