Rosoboronexport : good prospects
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.