Russians assure participation in IGA

India has taken a number of steps to expedite the collaboration between the Indian and Russian Companies and looks forward for expeditious commencement of manufacturing in India, said Defence Secretary Dr Ajay Kumar.

These initiatives follow the Inter-Governmental Agreement (IGA) on Joint manufacturing of spares in India which has been signed at Vladivostok on 4 September 2019.

The IGA provides framework for partnership of Russian OEMs with Indian industry for manufacturing of spare parts of Russian origin equipment in use by the Indian Defence Forces.

Dr Kumar said at the 5th round of India-Russia Military Industrial Conference (IRMIC) was conducted on 6th February 2020 on the sidelines of Defexpo-2020 at Lucknow.

The conference was co-chaired by Dr Kumar and Oleg Ryazantsev, Deputy Minister of Industry and Trade of Russian Federation.

Ryazantsev assured that the Russian side would actively participate in the collaborations under the ambit of the IGA and would take all necessary steps to facilitate manufacturing of parts in India.

During the conference a total of 14 MoUs were exchanged between the Russian OEMs and the Indian companies.

The first ‘Request for Proposal’ for manufacturing of parts in India under the provision of IGA was also handed over by the Indian Navy to the identified Indian industry.

The sides acknowledged that this would pave way for more cases and contracts for joint manufacturing of spares parts, in the days ahead. fiinews.com