Rosoboron Cur­rent Ex­port Port­fo­lio in In­dia Ex­ceeds $4 Bil­lion

India Strategic - - CONTENTS -

MOSCOW. The lead­er­ship of Rosoboronex­port, a mem­ber of Rostec, took part in the 17th meet­ing of the In do-Rus­sian In­ter govern­men­tal Com­mis­sion on Mil­i­tary and Tech­ni­cal Co­op­er­a­tion. The meet­ing co-chaired by De­fence Min­is­ters

Mr S Shoigu of Rus­sia and Mr A Jait­ley of In­dia was held in Moscow, June 23.

The per­ma­nent Indo- Rus­sian In­ter govern­men­tal Com­mis­sion (IRIC) is an ef­fec­tive tool for co­op­er­a­tion be­tween the two states. The fact that this plat­form is reg­u­larly used to dis­cuss the most ur­gent is­sues on the agenda and the high level of co-chairs sug­gest un­prece­dented at­ten­tion that Rus­sia and In­dia pay to such sen­si­tive area as mil­i­tary and tech­ni­cal co­op­er­a­tion.

“In ef­fect mil­i­tary and tech­ni­cal co­op­er­a­tion long ago be­came one of the ba­sic el­e­ments of the Indo-Rus­sian ties. And this is a part­ner­ship in ev­ery sense of the word, for we have tra­di­tion­ally been trans­fer­ring tech­nolo­gies for pro­duc­tion of unique Rus­sian mil­i­tary equip­ment within the scope of our con­tacts with In­dia’s fa­cil­i­ties. To­day’s port­fo­lio of or­ders of Rosoboronex­port in In­dia is worth way more than $4 bil­lion. And this does not in­clude doc­u­ments pend­ing sig­na­ture. There is no doubt that in the next year or two the ag­gre­gate vol­ume of con­tracts signed be­tween In­dia and Rus­sia in line of mil­i­tary and tech­ni­cal co­op­er­a­tion since 1960 will breach the $70 bil­lion bar­rier,” says Di­rec­tor Gen­eral Alexan­der Mikheev of Rosoboronex­port. “To­day’s mil­i­tary and tech­ni­cal co­op­er­a­tion com­plies in ev­ery re­spect with In­dia’s Make-in-In­dia pol­icy aimed at de­vel­op­ing the na­tional de­fence in­dus­try of the coun­try.”

“All in all, prospects are enor­mous for de­vel­op­ing mil­i­tary and tech­ni­cal co­op­er­a­tion to the mu­tual ben­e­fit of the coun­tries in all fields of mil­i­tary equip­ment. Rosoboronex­port is ready to co­op­er­ate with In­dia in any form, in­clud­ing sup­ply of fin­ished mil­i­tary prod­ucts, ar­range­ment of their af­ter­sales ser­vic­ing, as well as trans­fer of pro­duc­tion tech­nolo­gies to In­dia’s man­u­fac­tur­ers, both state and pri­vate, within the frame­work of the Make-in­In­dia con­cept”, adds Mikheev.

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