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Defense business portfolio between Russia and India reaches US $ 14 billion
MiG photo UAC

The Russian Federation remains India’s key supplier in the field of defense technology. According to Vladimir Drozhzhov, deputy director of the Federal Service on Military-Technical Cooperation with Foreign States (FSVTS) of Russia, the portfolio of the agreement that is being concluded reached the US $ 14 billion. During and after the AeroIndia 2021 fair in Bangalore, Drozhzhov revealed several details of cooperation with India in the area of ​​defense.

He declared that “all documents are being prepared for signature” of the agreement under which the two countries are about to reactivate the Fifth-Generation Future Aircraft (FGFA) program, based on the Su-57E fighter. He also said that Hindustan Aeronautical Limited (HAL) is ready to start production under license for the Ilyushin Il-112V transport turboprop, to replace the Antonov An-24/26 fleet of the Indian Air Force (IAF). Another preliminary agreement was concluded regarding the future joint production of the MiG-35 (Photo: UAC) in case the aircraft wins the bid for the acquisition of 114 fighters by India. HAL has good experience in carrying out joint production with Russia, including the Sukhoi Su-30MKI multifunction fighter, which currently forms the backbone of the IAF’s might.

Drozhzhov also confirmed the deal for the urgent acquisition of 21 MiG-29 and 12 Su-30MKI. Another announcement was that deliveries of S-400 Triumph long-range air defense systems, to form the first Indian regiment with this equipment, will be completed by the end of 2021; Indian personnel are already in Russia for training in the operation of this system. The contract, signed in October 2018, has a value of $ 5.43 billion and includes a total of five regiments, with deliveries due to be completed by the end of 2024.

India’s main defense partner is state-owned Rosoboronexport, which closes contracts on behalf of Russia’s defense industry. “We are implementing joint projects for all Armed Forces with companies from both countries operating with an unparalleled degree of cooperation, worldwide,” said Rosoboronexport CEO Alexandre Mikheev.

Source: Agencies

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