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Russia and India sign $2 bln defense contracts in 2016

Dozens of contract agreements on supplies to India of military products for all armed forces were signed in 2016, according to Russia's arms exporter Rosoboronexport
Ka-226T helicopter Maxim Shemetov/ITAR-TASS
Ka-226T helicopter
© Maxim Shemetov/ITAR-TASS

BANGALORE/India/, February 16. /TASS/. Moscow and New Delhi signed defense contracts through Russian arms supplier, Rosoboronexport, valued at $2bln last year, Sergey Goreslavsky, head of the company’s delegation at the Aero India exhibition in India’s Bangalore, said on Thursday.

"Dozens of contract agreements on supplies to India of military products for all armed forces worth roughly $2 bln were signed in 2016 through Rosoboronexport," Goreslavsky stated.

"Rosoboronexport is ready for cooperation with India in any areas, and we are prepared to supply weapons, transfer technology for their manufacturing, and organize their post-sale maintenance," he said.

The contracts include small agreements on supplies of spare parts and components. "Despite widespread myths, Rosoboronexport has never turned down contracts for small sums and their total number is rather substantial per year," Goreslavsky stressed.

India and Russia signed intergovernmental agreements on constructing frigates for India’s navy and also long-range air defense missile systems, he said. The two countries are also expected to launch production of Ka-226T helicopters and an enterprise for manufacturing ammunition for Smerch heavy multiple rocket launcher.

"I named a small part of the project, each is estimated at hundreds of millions and some at billions of US dollars," he elucidated.

The portfolio of India’s defense orders from Russia reached $4.6 bln, Goreslavsky said earlier.