DAILY NEWS ANALYSIS
17 February, 2020
3 Min Read
Prelims and Mains focus: about the event: MoUs signed and their significance; about India-Russia ties
News: In a step forward towards addressing the issue of regular spares and support for Russian military equipment with the armed forces, 14 MoUs were signed between Indian and Russian companies for setting up joint ventures covering a range of equipment from modern T-90 tanks to legacy Pechora air defence systems.
About the event
The MoUs were signed during the 5th India Russia military industry conference held during the Defexpo 2020 in Lucknow.
Lack of timely spares and support has been a constant issue faced by the military a major part of which consists of Russian defence hardware. Several such support agreements are in the pipeline and expected to be concluded soon.
About the MoUs signed
India has taken a number of steps to expedite the collaboration with Russian companies. India has called for expeditious implementation from the Russian side as well which has some procedural issues to sort out. There are also agreements on emerging technologies — Artificial Intelligence, Internet of Things, blockchain and robotics based on Russian technologies under the proposed Indo-Russian Joint Venture ICT Center of Excellence.
Arms imports by India
Source: The Hindu
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