The defence industry cooperation will be one of the key areas of collaboration between India and Russia and it will be addressed at the upcoming India-Russia bilateral summit, as reported by Indian Envoy to Russia Venkatesh Varma.
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Key-Points
Defence cooperation is an important pillar of the India-Russia strategic partnership. It is guided by the Programme for Military Technical Cooperation signed between the two countries which is valid, at present till 2020.
It enshrines the interest of the two governments to further develop and strengthen the military and technical cooperation in the sphere of research and development, production and after sales support of armament systems and various military equipment.
The two sides also have periodic exchanges of armed forces personnel and military exercises.
India and Russia have an institutionalized structure to oversee the complete range of issues of military technical cooperation.
The India-Russia Inter-Governmental Commission on Military Technical Cooperation (IRIGC-MTC), set up in 2000, is at the apex of this structure.