Monday, November 28, 2011

Indo-Russia Defence Deals

The partnership between India and Russia in the defence sector is long standing and continues to be progressed on the basis of the mutual interests of both sides.

The proposed joint development and production of the Multi Role Transport Aircraft is one of the joint projects currently under progress for which an InterGovernmental Agreement was signed on 12th November, 2007. A Joint Venture Company viz. Multi-role Transport Aircraft Limited (MTAL) has been incorporated in India in December, 2010 for implementation of this project. No defence deal was signed during the visit of the Russian President to India in December, 2010.

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