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India, Russia to boost joint production in defence
Why is it in news?
- Recently 18th meeting of the India-Russia Inter-Governmental Commission on Military Technical Cooperation (IRIGC-MTC) was conducted between defence ministers.
- India and Russia have agreed on way to simplify export clearances to take forward joint manufacturing in defence.
Outcomes
- Focus areas-
- Two focus areas of the discussions-
- Further expansion of military to military engagement.
- Defence industrial engagement between the two countries.
- License manufacturing of defence equipment-
- India is keen on moving from license manufacturing of defence equipment to joint production under Make in India.
- This includes allowing Indian companies, both Defence Public Sector Undertakings (DPSU) and private sector, manufacturing spares for Russian systems in India.
- Eventually India is keen that its companies supply components and spares to export to third world countries.
- Joint manufacturing-
- The two sides also agreed to take forward inter-governmental arrangements for facilitating joint manufacturing of spares for Russian origin equipment in India, under the ‘Make in India’ initiative.
- In this regard, four military -industry conferences were held between Russian manufactures and Indian companies to take the process forward.
- Military to military cooperation- To enhance military to military engagement and rationalise the functioning of the joint commission, a revised Inter-Governmental Agreement on restructuring the existing IRIGC-MTC was also signed by the two ministers.
Source
The Hindu