Lucknow: Taking defence ties between both nations to a newer level, Indian and Russian companies on Thursday signed 14 pact at the ongoing defence expo here.
The Memorandum of Understandings (MoUs) were signed in the presence of Indian Defence Secretary Ajay Kumar and Russian Deputy Minister of Industry and Trade Oleg Ryazantsev on the sidelines of the 5th India-Russia Military Industrial Conference (IRMIC) here.
In his opening remark, Defence Secretary Ajay Kumar brought out that the Inter-Governmental Agreement (IGA) on Joint manufacturing of spares in India has been signed at Vladivostok in Russia on September 4, 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.
Mr Ryazantsev highlighted 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.
