The 5th round of India-Russia Military Industrial Conference (IRMIC) was conducted on 6th February 2020 on the sidelines of Defexpo-2020 at Lucknow. During the conference a total of 14 MoUs were exchanged between the Russian OEMs and the Indian companies.
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The first ‘Request for Proposal’ for manufacturing of parts in India under the provision of IGA was also handed over by the Indian Navy to the identified Indian industry. The sides acknowledged that this would pave way for more cases and contracts for joint manufacturing of spares parts, in the days ahead.
