Russia Amends Laws Permitting Long Term Spares Support to India
Russia has amended its laws permitting lot of their Original Equipment Manufacturers (OEMs) to enter into long-term agreements for spares and support for military equipment supplied to India.This will address long-standing concerns regarding import of equipment. Currently, procurement of spares is a
long process as India cannot deal directly with the OEMs but with designated intermediaries like Roso boron export. The Russian Ministry is drawing up a list of the OEMs, which are related to the platforms which provides service to India. Once the ministry verifies OEMs supplying hardware to India are on the list, the two sides would enter into a Memorandum of Understanding (MoU).
iv. India is also discussing the possibility of Russian Original Equipment Manufacturers (OEMs) to allow licence-manufacture of spares locally by Indian vendors.
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