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Russia's Minister for Industry and Trade Denis Manturov

The conference is aimed at addressing issues relating to life-cycle support and maintenance of Su-30MKI aircraft, Mi-17 helicopters, Mig-29K jets, T-90 tanks and aircraft carrier Vikramaditya.

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said his country is ready for sharing technology with India, including for production of military aircraft, warships and weapons systems.

He said Russia is ready to set up centres of competence across India for maintenance of Russian-origin platforms.

The conference is aimed at addressing issues relating to life-cycle support and maintenance of Su-30MKI aircraft, Mi-17 helicopters, Mig-29K jets, T-90 tanks and aircraft carrier Vikramaditya.

Asking Russian companies to either ensure technology transfer or form joint ventures with Indian firms, Jaitley said though India is the largest importer of defence equipment globally it is not a label the country is happy with.

The Defence Minister referred to joint production of Su-30 jets and Brahmos missile system as success stories in high-end technical collaboration between the two close partner countries.

Jaitley said 'Make in India' for defence production is not only aimed at requirements of India's armed forces but also for encouraging Indian companies to be part of the global weapons supply chain.

He said the government had significantly liberalised foreign investment in defence sector and more steps are underway to promote indigenous development of military platforms.

"Many of the defence platforms, particularly Russian platforms made in India under license production, have very high import content because these components are sub-systems and are still imported.

"We need to review this trend and increase indigenous content of our defence capital procurement," Jaitley said.

He said Russian companies may identify some of the military systems for global export from India for which they can set up joint ventures with Indian companies.

"I think there is a tremendous potential for collaboration between Indian and Russian companies for export," he said.

It is the first such conference having participation of large number of Indian and Russian companies along with government representatives from both sides.

About 150 representatives from Russia are participating at the two-day conference.

 

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)

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