To overcome the US imposed sanctions on the Russian defence exports, India and Russia have created a payment system which will not be vulnerable to any international sanction, said a Russian official.
The Chief Guest VAdm AK Saxena, PVSM, AVSM, VSM, Controller of Warship Production & Acquisition (CWP&A), addressed the media, delegates from the industry and Indian Navy during the Curtain Raiser on FICCI international Seminar on ‘Nation Building Through Shipbuilding’ today at FICCI Conference room, New Delhi.
Vice Admiral A.K. Saxena, Controller of Warship Production and Acquisition, Indian Navy today said that India needs to expand its capability in building world class warships to merchant vessels in the run up to the ‘International Seminar on Nation Building Through Shipbuilding’ later this month.
The newly elected Union Government at New Delhi, in its first budget, presented by Finance Minister Nirmala Sitharaman, on July 5, allocated over 15 per cent of the funds to defence. She also announced exemption from the basic customs duty to defence equipment not manufactured in India.
Specialists of the Mil Moscow Helicopter Plant, a subsidiary of the Russian Helicopters holding (part of Rostec) finished a series of Mi-38 flights conducted under the instrument flight rules (IFR), as well as in conditions of extremely high temperature and high altitude.
Over 300 presentations and live demonstrations of Russian military hardware were organized by the delegation of Rosoboronexport (part of the Rostec State Corporation) for foreign partners from over 40 countries at the Army 2019 International Military and Technical Forum in Kubinka near Moscow.
In a significant development in the indigenous shipbuilding, Ministry of Defence has issued four shipbuilding Requests for Proposal (RFP) amounting to Rs 15,000 crore for the acquisition of various ships and craft for the Navy and the Coast Guard. While the RFP for 06 nos Next Generation Missile Vessels (NGMVs) has been issued to seven shipyards, RFPs for 08 nos Fast Patrol Vessels (FPVs) and 12
During the Army 2019 International Military and Technical Forum being held in Kubinka near Moscow, JSC Rosoboronexport (part of the Rostec State Corporation) has signed a number of contracts with foreign customers for the supply of Russian small arms and close combat weapons.
