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Arun Jaitley urges Russian firms to support India in defence manufacturing

Jaitley asked Russian firms to come with proposals for technology transfer to Indian companies

Press Trust of India  |  Moscow 

Arun Jaitley
Arun Jaitley | Photo Twitter: @arunjaitley

Showcasing policy initiatives for production in India, Minister on Wednesday invited to join hands with Indian companies in developing high-end platforms and weapons systems.

In an address at a leading forum for technological development, Jaitley said Russian majors which already have a long experience of working in are well placed to take advantage of the policy changes effected to encourage tie-ups between Indian and

Jaitley, here on a three-day visit beginning today, asked to come forward with proposals for transfer to Indian companies and facilitate manufacturing of advanced platforms.

"We have initiated a series of policy and procedural changes to facilitate tie-ups, including and partnerships between Indian and

"Russian companies, which already have a long experience of working in and working with are well placed to take a leading role in this process," he said.

In a major step towards defence indigenisation, the last month unveiled a "strategic partnership" model under which select private firms will be engaged along with foreign entities to build platforms like fighter jets, submarines and battle tanks.

"In the days to come, we hope to fully harness the energies, entrepreneurial spirit and enterprise of the private sector in the area of

"Here again, as India's largest, oldest and most trusted partner in defence hardware and equipment, would have a comparative advantage in partnering with Indian companies for realising 'Make in India' potential in defence production," Jaitley said in his address at the plenary of TECHNOPROM 2017.

The defence minister said Indian companies are already gearing up by developing capabilities for design and development of military systems.

"I invite to come forward with proposals for transfer to Indian companies and facilitate manufacturing of more advanced components/parts and sub-systems. This can start with platforms of Russian origin where the requirement is in large numbers and is recurring in nature," he said.

On June 23, Jaitley will co-chair the 17th meeting of the India-Inter-Governmental Commission on Military-Technical Cooperation with his Russian counterpart General Sergei Shoigu.

has been one of India's key major suppliers of arms and ammunition. However, it has been a long-standing grievance of armed forces that supply of critical spares and equipment from Russia takes a long time affecting maintenance of military systems procured from that country.

First Published: Wed, June 21 2017. 16:34 IST