- The defence firms include big names like Adani Group and Mahindra Aerospace
- Target is to set up 50 Indo-Russian joint ventures in the next four-to-five years to build spares and components in India
Defence Minister Rajnath Singh, who is visiting Moscow and St Petersburg in Russia for the 19th India-Russia Inter-Governmental Commission on Military and Military-Technical Cooperation (IRIGC-M&MTC) is looking to tie up deals with Russian Original Equipment Manufacturers (OEMs) to outsource the building of defence equipment, components and assemblies to Indian firms.
He is accompanied by representatives from 52 Indian defence firms. It includes big companies like the Adani Group and Mahindra Aerospace and many micro, small and medium enterprises (MSMEs) that manufacture defence and aerospace components.
50 Indo-Russian joint ventures in the next four-to-five years
Defence Secretary Ajay Kumar said that the target is to set up 50 Indo-Russian joint ventures in the next four-to-five years to build spares and components in India. Singh held talks with his Russian counterpart, General Sergei Shoigu. Singh’s first order of business in the country is to address chief executives of Russian OEMs at an India-Russia Defence Industry Cooperation Conference and convince them to build in India.