Russian firms want purchase assurance from India: Official - News Summed Up

Russian firms want purchase assurance from India: Official


"India has bought a lot of Soviet and Russian made defence equipment and a bulk of these equipment requires modernisation, upgrade and repair and this can be done in the country (India). "This is a pilot project and India is the first country where it is being implemented. "About a year ago, the Government of Russia decided to grant the right to a number of major Russian defence industry companies to directly conduct after-sales service, repair and modernisation of previously delivered military hardware. Sometimes the end user becomes opportunistic and its looking to buy spares elsewhere to make it cheaper. I can only speak on behalf of the Russian side.


Source: Economic Times December 07, 2017 08:37 UTC


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