Ukroboronprom increases its partnership network

Ukroboronprom in DefExpo-2016 memorandums of cooperation with Indian companies

This article discusses the latest developments in the area of #defense industry of Ukraine, in particular successful participation of State Concern #Ukroboronprom in #DefExpo-2016 in India and execution of a number of #memorandums of cooperation with #Indian companies.

Visit our website if you are interested in the #Ukrainian economy or #doing business in Ukraine.

State Concern Ukroboronprom announced that following its participation in DefExpo-2016 in India, which is the largest exhibition of military production in South and South-Eastern Asia, 15 memorandums of cooperation were concluded with Indian companies, such as Reliance Defense Limited, Tata Power Company Limited, Punj Lloyd and Larsen Turbo. At the event, Ukroboronprom presented more than 40 products, developed and manufactured by Ukrainian enterprises. In addition, Ukrainian delegation held eight meetings with the Defense Minister of India and Supreme command of the Indian Armed Forces as well as with leading Indian manufacturing companies of military and special purpose products.

In particular, the signed memorandums of cooperation deal with development of the multipurpose military transport aircraft for the needs of the Indian Air Force and for civilian purposes as well as installation of supply gas turbines on Indian naval forces equipment.

According to Ukroboronprom officials, most Indian partners are interested in joint projects in the field of aeronautics, production of radar systems and maritime surveillance, maritime and modernization of armored vehicles, air defense systems, aircraft, development of homing heads, and joint development of air-to-air missiles, which Ukraine is currently producing and able to supply.

We note that in 2015 Ukroboronprom concluded a number of contracts in amount of US 1.3 billion. Also, the United States of America has partially lifted some restrictions on cooperation with Ukroboronprom.

We also note that earlier the Secretary of the National Security and Defense Council of Ukraine conducted a meeting with the Director of the Secretariat of the Turkish Defense Industry. The main purpose of the meeting was the establishment of the mutually beneficial cooperation between two countries in the area of defense industry. Ukraine has well-developed missiles, aircraft and tank manufacturing facilities, while Turkey possesses new nanotechnologies, which, if combined, could bring production of the high-quality military strategic units.

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