The MoU has been signed for cooperation in carrying out joint projects for modernization of Armoured Vehicles operated by the Indian Army; co-production of BMP-3; research, development and production of futuristic models and spare parts etc. At texmaco industrial facilities, a Texmaco statement said.
The cooperation will enable the two entities to provide cost-effective upgraded solutions for in-service Amoured Vehicles, as well as latest state-of-the art Russian technologies for building futuristic Armoured Vehicles under Make-in-India programme.
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