India and Russia are close to signing an intergovernmental agreement (IGA) that would allow for the transfer of technology to Indian companies to locally produce assorted spare parts and components for Russian-made equipment used by the Indian military.
Official sources told Jane's on 18 July that the IGA is likely to be finalised during this year's meeting of the India-Russia Intergovernmental Commission on Military-Technical Cooperation, which is scheduled to be held in Russia in September.
The IGA is expected to permit Russian original equipment manufacturers (OEMs) to enter into collaborative arrangements with Indian companies to make spares for diverse military equipment for all three Indian military services.
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