NEW DELHI: Indian Navy, hoping to expand its global presence, will receive a shot-in-the-arm with the signing of new MoUs with Russia on the new Combat Management Systems and radars.
These MoUs that are of strategic concern to the Indian Navy were signed on the sidelines of the recently concluded DefExpo in Delhi. The MoUs were signed between Indian firm Pipavav defense and Offshore Technologies Ltd. and Russian state-run defence firm Concern-Morinformsystem-Agat.
Both sides are looking forward to launching a mutually beneficial cooperation pattern in producing for the Indian market as well as for export. A working group is likely to be established as soon as all of the formalities are settled within a month of signing the MoUs, an official from Agat said.
Pipavav Shipyard was the first Indian corporate shipyard to be granted clearance to build warships and other vessels for the Indian Navy.
The Russian defence firm is also in talks with state-run Hindustan Shipyard, Goa Shipyard and Bharat Engireering Limited to jointly develop products for the Indian Navy.
The Russian defence firm is also in talks with state-run Hindustan Shipyard, Goa Shipyard and Bharat Engireering Limited to jointly develop products for the Indian Navy.