US EditionTop Indian arms makers held rare meetings in Russia on potential joint ventures, sources say
Indian defence leaders discussed joint ventures with Russia including manufacturing MiG-29 parts and co-developing technology amid a strategic shift in arms procurement.
- NEW DELHI, Dec 9- At least half a dozen senior executives from top Indian arms makers, including Adani Defence and Aerospace CEO Ashish Rajvanshi and Bharat Forge, met in Moscow this year for rare joint venture talks.
- A delegation led by Sanjeev Kumar, India's Defence Production Secretary, visited Moscow on Oct. 29-30 to lay groundwork for President Vladimir Putin's Dec. 4-5 New Delhi visit and shift ties toward joint development.
- The meetings considered Russian proposals to set up production units in India to develop equipment for export to Moscow, while Bharat Forge and Kalyani Group discussed sourcing components for Russian-origin tanks, aircraft and air-defence systems including the Mikoyan MiG-29 fighter jet.
- Spokespeople for Adani Group and Bharat Forge denied attendance while India's Defence Ministry did not comment, and an Indian defence official warned firms must weigh political risks despite diplomatic outreach.
- Amid supplier diversification, Russia's share of Indian arms imports fell from 76% in 2009-13 to 36% in 2019-23, prompting a 73,000-rifle U.S. purchase and complicating Prime Minister Narendra Modi's manufacturing push.
16 Articles
16 Articles
Indian Arms Executives Explore Joint Ventures in Russia Amid Diplomatic Tensions
Executives from top Indian arms manufacturers met in Russia to discuss potential joint ventures, aiming to develop weapons despite the risk of sanctions. The meetings focused on manufacturing Russian-origin military systems and coincide with Indian governmental efforts to shift defence ties towards collaboration with Russia.
Russia and India to set up joint ventures to service Russian-made weapons and boost defense cooperation
India’s President Droupadi Murmu, Russia’s President Vladimir Putin and Indian Prime Minister Narendra Modi. Photo: Konstantin Zavrazhin/AFP/Getty Images Russia and India said they plan to recalibrate their military and military-technical ties, according to a joint statement by Russian President Vladimir Putin and Indian Prime Minister Narendra Modi released Friday after talks in New Delhi. Among other measures, Putin and Modi agreed to launch j…
Top Indian arms makers held rare meetings in Russia on potential joint ventures, sources say
At least half a dozen executives from top Indian arms makers, including Adani Defence and Bharat Forge , attended rare meetings in Russia this year to discuss potential joint ventures, three people familiar with the matter said.
New Delhi and Moscow discussed the possibility of production in India of components for Russian MiG-29 aircraft
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