Business Standard

Growing old ties in defence between India and Russia

Indian companies are gearing up by developing capabilities for design and development

Arun Jailtey
Premium

Finance Minister Arun Jaitley at the 5th Korea-India Financial Dialogue meeting in Seoul on June 14, 2017. (Photo courtesy: Twitter/@arunjaitley)

Arun Jaitley
I have been asked to share a few thoughts today about how we intend to develop the defence manufacturing sector, which is one of the key areas identified in the Make in India initiative.
 
First, we have initiated a series of policy and procedural changes to facilitate tie-ups, including joint ventures and technology partnerships between Indian and foreign companies. Russian companies, which have a long experience of working in India and working with India, are well-placed to take a leading role in this process.
 
Since the announcement of the ‘Make in India’ initiative by the Hon’ble Prime Minister,

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in