Rosoboronex­port : good prospects

Vayu Aerospace and Defence - - Aviation & Defence Inindia -

Ac­cord­ing to the Rus­sian Fed­eral Ser­vice for Mil­i­tary and Tech­ni­cal Co­op­er­a­tion’s or­der, JSC Rosoboronex­port had been ap­pointed or­gan­iser for the joint Rus­sian dis­play at De­fExpo In­dia 2018. “Rosoboronex­port has been a long- stand­ing ex­hibitor at De­fExpo In­dia. Over the years, it has be­come the largest Asian venue show­cas­ing weapons and mil­i­tary equip­ment for the land and naval forces. We con­sider our par­tic­i­pa­tion in the ex­hi­bi­tion as a ma­jor con­tri­bu­tion to the de­vel­op­ment of mil­i­tary-tech­ni­cal co­op­er­a­tion be­tween Rus­sia and In­dia and an im­por­tant area of the com­pany’s mar­ket­ing ac­tiv­i­ties,” stated Sergei Goreslavsky, Deputy Di­rec­tor Gen­eral of Rosoboronex­port.

He added, “To­day, Rus­sia and In­dia have good prospects for step­ping up mu­tu­ally ben­e­fi­cial co­op­er­a­tion in the sup­ply of arms and mil­i­tary equip­ment for the land and naval forces, lo­cal­is­ing their pro­duc­tion in In­dia and up­grad­ing pre­vi­ously sup­plied mil­i­tary prod­ucts. We are also car­ry­ing out some hun­dred joint R&D projects. Much of this was the re­sult of our ac­tive work at ex­hi­bi­tions in In­dia. The dis­tinc­tive fea­ture for De­fExpo In­dia 2018 for Rosoboronex­port was to pro­mote, in­ter alia, Rus­sian se­cu­rity sys­tems, equip­ment for counter-ter­ror forces.”

“Rosoboronex­port is the only sta­te­owned arms trade com­pany in the Rus­sian Fed­er­a­tion au­tho­rised to ex­port the full range of mil­i­tary and dual-pur­pose prod­ucts, tech­nolo­gies and ser­vices.” It is a sub­sidiary of the Rostec Cor­po­ra­tion. Founded on 4 Novem­ber 2000, Rosoboronex­port is presently one of the leading arms ex­porters in the in­ter­na­tional mar­ket. Its share in Rus­sia’s mil­i­tary ex­ports ex­ceed 85 per­cent. Rosoboronex­port co­op­er­ates with more than 700 en­ter­prises and or­gan­i­sa­tions in the Rus­sian de­fence in­dus­trial com­plex and main­tains mil­i­tary tech­ni­cal co­op­er­a­tion with more than 70 coun­tries around the world.

Rostec State Cor­po­ra­tion is a Rus­sian cor­po­ra­tion that was es­tab­lished in 2007 to fa­cil­i­tate the de­vel­op­ment, pro­duc­tion and ex­port of high- tech in­dus­trial prod­ucts de­signed for civil­ian and mil­i­tary ap­pli­ca­tions. The Cor­po­ra­tion com­prises over 700 or­gan­i­sa­tions that are cur­rently part of 11 hold­ing com­pa­nies op­er­at­ing in the mil­i­tary- in­dus­trial com­plex and three hold­ing com­pa­nies work­ing in civil­ian in­dus­try, as well as 80 di­rectly man­aged or­gan­i­sa­tions. Rostec’s portfolio in­cludes well- known brands such as AVTOVAZ, KAMAZ, Kalash­nikov Con­cern, Rus­sian He­li­copters, VSMPO AVISMA, Ural­vagon­za­vod, etc. Rostec com­pa­nies are lo­cated in 60 con­stituent en­ti­ties of the Rus­sian Fed­er­a­tion and sup­ply prod­ucts to more than 70 coun­tries. In 2016, the con­sol­i­dated rev­enue of Rostec amounted to one tril­lion, 266 bil­lion rubles, while the con­sol­i­dated net in­come and EBITDA amounted to 88 and 268 bil­lion rubles re­spec­tively. Rostec’s key objectives in­clude the in­tro­duc­tion of a new techno-eco­nomic par­a­digm and the dig­i­tal­i­sa­tion of the Rus­sian econ­omy.

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