5th India Russia Military Industry Conference | 17 Feb 2020
Why in News
Recently, several Memorandum of Understanding( MoUs) were signed between Indian and Russian companies for setting up joint ventures to develop a range of defence equipment.
- The MoUs were signed during the 5th India Russia military industry conference held during the Defexpo 2020 in Lucknow (Uttar Pradesh).
- The MoUs intends to fix a constant issue of lack of timely spares and support faced by the Indian military.
Key Points
- The MoUs come under the Intergovernmental Agreement (IGA) on joint manufacturing of spares in India signed in 2018 for mutual cooperation related to Russian origin arms and defence equipment.
- The MoUs were related to the production of different defence equipment such as parts of the tanks such as the T-72, T-90, radar systems, Anti Submarine Weapon (ASW) Rocket launchers and 3D modelling.
- The MoUs majorly focuses on:
- The development, production and manufacture of small spacecraft for remote sensing.
- Establishment of a joint venture in India for the production of various subsystems of air defence missile systems like Tunguska, Kavadrat, etc as well as the Shilka self-propelled air defence gun system.
- Refurbishment and life extension of the missiles.