Sergei Chemezov, the CEO of the Rostec State Corporation, said cooperation with India will certainly continue, regardless of whether India cooperates only with Russia or also with Israel, France, the US or other countries.
"We have our own niche, these countries have their own directions for cooperation. Therefore, this does not mean that if India will work with some other countries, cooperation with Russia will cease. No," Chemezov told a select group of reporters on the sidelines of Russia's premier air show MAKS 2017 here.
Rostec Corporation, one of the main organisers of MAKS- 2017, presented the latest Russian developments in the space industry as well as in aircraft and helicopter engineering and weapons at the event hosted here from July 18-23.
"I would like to note that Russia is the only partner to fully transfer manufacturing technologies to India, allowing Indian defence enterprises to set up full-scale production of their own defence products," said the head of Rostec, Russia's umbrella organisation of 700 hi-tech civilian and military firms.
Russia has been one of India's major suppliers of arms and ammunition.
However, it has been a long-standing grievance of Indian armed forces that the supply of critical spares and equipment from Russia takes a long time affecting maintenance of military systems procured from that country.
Also, in recent years India's defence ties with the US and Israel have deepened. Prime Minister Narendra Modi became the first Indian premier to visit Israel last month.
However, Chemezov reiterated that India has been and remains Russia's strategic partner.
The bulk of Russia's exports go to Southeast Asia, India and China, he noted.
"They are our two major partners. Every year we supply products to India for more than USD 2 billion. Sometimes it is more. Therefore, we have about the same volumes last year as before. That is, there are changes, but insignificant, somewhere in the range of 10-15 per cent is the fluctuation," said Chemezov.
Military and technical cooperation is certainly the main area for of collaboration with India, Chemezov noted.
According to some estimates, 40 per cent of weapons and military equipment of the Indian land forces, 80 per cent of the Indian air forces and 75 per cent of the Indian Navy was manufactured by the USSR and Russia or produced in India under the Soviet and Russian licenses, he said.
He said Rostec's strategy was to further expand the cooperation with Indian manufacturers in compliance with the Indian government's "Make in India" policy.
Highlighting the growing Indo-Russia cooperation, Chemezov pointed out that the SU-30MKIs are manufactured in India and stated that the country has mastered the production of the T-90 tank.
Asked about opportunities for joint exercises, Deputy Minister of Defence Yuri Borisov, at the same briefing, said, "We are always in contact with our Indian colleagues, we have an intergovernmental commission, on our side it is headed by our Defence Minister -- Sergey Shoigu. We constantly meet and discuss the issues."
"As for Europe and the West, we had excellent relations with Safran, Thales, Boeing, Airbus, General Electric, with them we had joint ventures.
"Some of them continue to work independently of sanctions. Nevertheless, many partners wanted to continue work with us. Unfortunately, because of the sanctions, they cannot do this. Life forced us to develop our industry even more, the result you can observe today," he said.
Disclaimer: No Business Standard Journalist was involved in creation of this content
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