India Planning Joint Shipbuilding Venture with Russia
ALEXEY RAKHMANOV is visiting India to take part in a dialogue between Indian and Russian defence manufacturing companies. The event has been organised by Federation of Indian Chambers of Commerce and Industry (FICCI) and the Economic Development Board of Andhra Pradesh.
Speaking at the function, Alexey Rakhmanov said that “Russian companies take the Make-in-India campaign very seriously and trust this would provide an excellent collaboration opportunity for Indian and Russian companies to enhance and deepen their defence manufacturing cooperation.”
A senior official from the state economic development board said the Russian company seems interested in investing in the largest ship manufacturing hub in the state. They said “It’s difficult to comment on the quantum of investments but we are hoping for an agreement soon.”
Indian delegation at the defence shipyards in Severodvinsk