|5th Round of India-Russia Military Industrial Conference held in Lucknow, 14 MoUs signed|
5th Round of India-Russia Military Industrial Conference held in Lucknow, 14 MoUs signed
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. Ajay Kumar, Defence Secretary from the Indian Side and Mr. Oleg Ryazantsev, Deputy Minister of Industry and Trade of Russian Federation.
A large number of delegates from Indian and Russian defence sector companies participated in the conference and discussed the way forward to achieve the objectives of Inter-Governmental Agreement under the Make in India initiative.
14 MoUs were exchanged between the Russian OEMs and the Indian companies
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 Inter-Governmental Agreement (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.