Skip to main content

THE DEFENCE RELATIONS BETWEEN INDIA AND RUSSIA

THE DEFENCE RELATIONS BETWEEN INDIA AND RUSSIA


India and Russia discussed a host of bilateral issues, including cooperation in defence during a meeting between Indian Prime Minister Narendra Modi and Russian President Vladimir Putin that ended on the margins of the 2018 BRICS Summit. The Russian leader is expected to visit India later in 2018 for the annual bilateral summit.

Russia has identified about 19 companies in India to manufacture defence products and provide spares and components of Russian platforms currently being used by India’s defence forces, Defence Production secretary Ajay Kumar said.

India and Russia are in advanced talks to seal a $ 1.1-billion deal for new medium lift helicopters to be used by both the defence and home ministry, with a likelihood of it being inked at an upcoming bilateral summit that will see Russian President Vladimir Putin travelling to the capital in October. The deal for 48 additional Mi-17 V5 choppers - which currently are the backbone of the air force’s heliborne transport fleet – has been in discussions since 2015, with both the ministries raising a demand for helicopters to be used for a range of missions. 



Dr. Kumar said India was in the process of finalising the security agreement with the United States that would enable classified information to be shared between the industries of India and the U.S. “so that greater amount of industry-to-industry linkage can take place”. Financial sanctions by the US have hit India’s arms trade with Russia hard, with payments for weapons and equipment worth over $2 billion getting stuck, including those for critical projects such as the repair of leased nuclear attack submarine INS Chakra. It has become evident that a rupee-rouble transfer-–pegged on the exchange rate of an international currency—is the solution. As of now, India signs defence contracts with Russia for which payments are made in US dollars. 



Comments

Post a Comment

Popular posts from this blog

10 INTERESTING FACTS ABOUT SULTAN OF BRUNEI

    10 INTERESTING FACTS ABOUT SULTAN OF BRUNEI 1.       EARLY LIFE – The full name of Sultan of Brunei is Sultan Haji Hassanal Bolkiah Mu’izzaddin Waddaulah. He was born on 15 July 1946 is the wealthiest monarch of the world. His full name is is 75 characters too long to fit in a tweet. He received his early education in the form of private tuition and attended top institutions in both Brunei and Kuala Lumpur until 1961. Whilst he was a cadet at Britain’s Sandhurst Military Academy, he was recalled to Brunei when his father voluntarily abdicted the throne in a last desperate move to resist both communism and pressure from the British to permit greater democracy. The father and son waged a public dispute over Radio Television Brunei, but in the end the police and the army declared allegiance to Hassanal. He was installed as the crown prince in 1967 at the age of 21. He is 29 th and current Sultan of Brunei. After Queen Elizabeth II, the Sultan is ...
Post a Comment
Read more

STRONG VISION ATTRACTS SUCCESS

STRONG VISION ATTRACTS SUCCESS Two fast friends after having graduated from the same university and after working for a firm for about 5-6 years wanted to establish their own businesses. Both of them were hungry to succeed and they wanted to establish themselves as successful lawyers. They decided to start their own firms at the same time. One friend decided to open a lucrative firm in the most expensive area of the city. He spent all his savings and invested everything he had on the firm. He intended to attract the clients from almost all parts of the city by opening a firm in the main area of the city. On the contrary, the other friend decided to open a similar firm in the small area that would attract the clients from just that particular area. He invested on the firm wisely and he diversified his investments by buying shares and properties etc. With the time, the friend who opened the firm in the main area of the city had big bills to pay off and he charged clients more ...
Post a Comment
Read more

A SOUL ON FIRE

A SOUL ON FIRE  I STARTED YOUNG AND NOVICE WITH NO ONE TO GUIDE BUT A HOPE INSIDE I FOUGHT MY BATTLE AND CHALLENGED THE FAILURES AS IF I WAS BORN TO WIN AFTER EVERY DEFICIT I KNEW I AM A CHAMPION WHO WOULD FIGHT FOR HIS DREAMS I FELL COUNTLESS NUMBER OF TIMES BEFORE I COULD STAND STIFF CRITICISM AND CHALLENGES TRIED DISCOURAGING ME BUT I LEARNED FROM EVERYTHING THAT LIFE OFFERED ME MY SOUL WAS ON FIRE AS I COULD NOT SEE MY DREAMS BEING SHATTERED AFTER ALL, I CRAVED FOR SUCCESS MY ONLY WISH WAS MY MISSION I STARTED AS A FAILURE AND BECAME AN ACHIEVER AS I FOLLOWED MY DREAMS AND RAN AFTER SUCCESS. 
Post a Comment
Read more