Lavrov blasts claims of Russia’s 'involvement' in Montenegro coup attempt as groundlessRussian Politics & Diplomacy February 20, 13:55
Kremlin: Putin’s decree on recognition of LPR and DPR passports signed on humanity groundsRussian Politics & Diplomacy February 20, 13:42
Rosneft starts drilling first exploration well in IraqBusiness & Economy February 20, 13:38
Kremlin calls Ukrainian MP’s proposal for Russia to take Crimea on lease 'absurd'Russian Politics & Diplomacy February 20, 13:34
Lavrov: US confirms Russian ambassador routinely wiretappedRussian Politics & Diplomacy February 20, 13:15
Lavrov calls on UN to invite Moscow group of Syria’s opposition to GenevaRussian Politics & Diplomacy February 20, 13:11
Lavrov states Russia cannot take Crimea on lease from itselfRussian Politics & Diplomacy February 20, 13:04
Press review: No breakthrough at Security Conference and no-fly list for troublemakersPress Review February 20, 13:00
Russia to complete testing assault rifles for Ratnik ‘soldier of future’ gear in summerMilitary & Defense February 20, 12:59
NEW DELHI, November 18. /TASS/. An Indian unit of Russian truck producer Kamaz will export trucks assembled in the country to third countries, the producer’s CEO Sergey Kogogin said at a business forum Tuesday.
“At the moment, we are working on supplies of our vehicles from India to Myanmar and Bangladesh,” he said. The company has already carried out some supplies to African countries, he added.
The Indian subsidiary’s output amounted to 152 trucks in the 2013-2014 financial year (from April 2013 through March 2014). In the 2014-2015 financial year, the company will assemble about 150 trucks, Kogogin said. The localization of the subsidiary amounts to 80%, he said.
The plant was launched in 2010 as a joint venture of Kamaz and India’s Vectra Group, with the Russian company holding a 51% stake. Earlier in 2014, Kamaz bought out a stake of its Indian partner in the plant, increasing its total interest to 100%.