Indo-Russian Joint Ventures - Discussion and Posts

[Parthy]

Indo-Russian military MTA project to begin in January

New Delhi, Nov 10 (PTI) The Indo-Russian joint project for designing and developing a military multi-role transport aircraft (MTA) will formally begin in January next year, the government today said.

A shareholders agreement was signed on September 9 between Hindustan Aeronautics Limited and Russian companies UAC and Rosoboronexport, Minister of State for Defence M M Pallam Raju told the Rajya Sabha.

"It is planned to start the project in January 2011, after incorporation of the joint venture programme," he said in a written reply.

The agreement, he said, was for incorporation of the joint venture company for design, development and production of the MTA and it was in pursuance of the Inter-Governmental Agreement between the two countries, which was signed on November 12, 2007.

"The joint venture company will have a shareholding of 50 per cent each from both sides. The investment for the programme has been worked out to be USD 600.

http://www.ptinews.com/news/1102867_Indo-Russian-military-MTA-project-to-begin-in-January

 

[Parthy]

HAL-Rosoboronexport Multi Role Transport Aircraft Certification Targeted by 2016-2017

Hindustan Aeronautics Limited and Russian Companies UAC Transport Aircraft and Rosoboronexport signed a Shareholders Agreement on 9.9.2010 to incorporate a Joint Venture Company for design, development and production of Multi Role Transport Aircraft.

This agreement was in pursuance to the Inter-Governmental Agreement between Government of India and Russian Federation which was signed on 12th November, 2007 for Design, Development and Production of a Multirole Transport Aircraft (MTA). The Joint Venture company will have shareholding of 50 each from both sides.

The investment for the programme has been worked out to be 600.70- MUSD at 2006 Price Level -- which will be shared equally by the two sides. Development and certification of the MTA will take 6 years from 'Go-ahead' of the project. It is planned to start the project in January, 2011 after incorporation of the Joint Venture programme.

This information was given by Minister of State for Defence Shri MM Pallam Raju in a written reply to Shri Nand Kumar Sai in Rajya Sabha today.

http://www.india-defence.com/reports-4773

 

[ejazr]

Russia offers India joint ventures for uranium mining

Russia has offered joint ventures in exploration and exploitation of uranium mining within its territory and third countries, as part of moves to ease shortage of fuel for India's nuclear power plants.

"We have offered the Indians participation in the uranium mining projects in the Russian Federation and thirds countries.

The controlling stake in the joint projects must remain with Rosatom and the partners could get up to 49% share in the projects inside Russia," state corporation Rosatom spokesperson Sergei Novikov was quoted as saying by RIA Novosti.

He said the talks on the joint projects were held by Rosatom chief executive Sergei Kiriyenko in New Delhi with the Uranium Corporation of India Ltd.(UCIL) during the 16th session of Indo-Russian Inter-Governmental Commission last week.

Rosatom spokesman said that in Elkon project in Russia's South Yakutia, the Indian stake would be less than 49% as there were already some foreign stakeholders.

He, however, did not identify them.

During Prime Minister Vladimir Putin's India visit in March earlier this year, Kiriyenko had offered UCIL stake in Elkon project and setting up nuclear fuel JVs in Russia and India.

 

[Parthy]

Top Russian general visits BrahMos Aerospace

General Nikolay Makarov, the Chief of General Staff of the Russian Armed Forces leading a large defence delegation visited the BrahMos Design Center & headquarters today on the 8th of December 2010.

During his visit he was briefed by Dr. AS Pilliai the CEO & MD of BrahMos Aerospace on the development and achievements of the Joint Venture.

General Makarov expressed that BrahMos is a model of cooperation in the field of Military Technical Cooperation and also said that BRAHMOS has become a vital weapon for defence of its country.

General Makarov said that BRAHMOS has no analog in the World today and is a very reliable weapon system. He also said that any country which will have such a weapon system will have very serious defence potential in the World.

"As Chief of General Staff I will recommend BRAHMOS to be equipped in the Russian armed forces too," General Makarov added.




http://www.brahmand.com/news/Top-Russian-general-visits-BrahMos-Aerospace/5742/1/10.html

 

[Parthy]

Prospect of contract from Russian government fails to lift Pipavav Shipyard

Pipavav Shipyard was trading in the red even after the company said it had signed a protocol with the Russian government agency which is responsible for the defence cooperation with India. At 12:10 pm the stock wastrading 4.51% down.

"Pipavav Shipyard has signed a protocol with the Russian Government agency and this protocol allows the construction of 4 stealth frigates for Indian Navy . The Russian Government agencies have built three stealth frigates already for the Navy and they are building another three at the Russian yard. They have been to our yard and they have approved our capacity and capability and they have approved Pipavav as the only yard where they would like to build the next four frigates for the Indian Navy. So, typically each frigate has a ballpark figure of 7000 crore to 8000 crore. So the four frigates, as and when these get built, could cost overall about 30000 to 32000 crores," said Nikhil Gandhi, Chairman, Pipavav Shipyard.

Earlier in the day, there were reports that the company may bag orders worth Rs 8000 crore from Rosoboron Exports, the Russian government arm.

"Pipavav, subject to the necessary approvals by the respective agencies, could get the contract. If they decide to build for frigates, it could be anything between 28000 to 32000 crores or if they want to build two, it could be around 16000 crore or something like that," he said.

The company is the first private sector shipyard in India post independence to be approved for building of warships. The protocol also covers the mid-life updates, dry docking, repairs and modernization of submarines of Russian origin in use by the Indian navy.

As of now, Pipavav Shipyard's order book stands around Rs 7000 crore.

"It is a good time to be entering Pipavav Shipyard only if somebody has got more than two-year time horizon as the execution of this order will possibly happen over a period of time. However, the problem with the order is the execution and depends on how much of expertise they have in building these kind of war battleships. If somebody is looking at longer gestation period, one can definitely start accumulating this stock but one needs to bear in mind that it is going to be very crucial for executing this particular order. All such orders that come from defence, whether it is domestic or overseas, are terribly time bound and there is a huge penalty if the order is not executed as per their requirements. Also, there are thousands of tests that this ship will have to go through once it is done. Keeping in mind the abilities and capacities that Pipavav has, one can take a small exposure, there is no harm in that," feels Gaurang Shah, AVP, Geojit BNP Paribas Financial Services






http://economictimes.indiatimes.com/articleshow/7070155.cms

 

[Parthy]

Gorshkov Redux: Russians Demand $100-mil More To Complete Indian Frigate Order

In a Gorshkov-style jolt (though not quite on the same scale), Russia's Kalingrad-based Yantar shipyard has told Russia's Rosoboronexport that it will need $100-million more to complete the construction of three stealth frigates for the Indian Navy --Teg, Tarkash and Trikand -- follow ons to the Talwar-class frigates already in service. The follow-on deal was signed in 2006. The Kommersant newspaper indicates that a delay in delivery is also implied, so it's like deliveries won't meet their 2011-12 timeframe. It remains to be seen if the escalation is passed onto the Indian Navy, though it won't be surprising if it is.


-- live fist

 

[Parthy]

Russians want $100 million more to deliver 3 Talwar class stealth frigates for Indian Navy


Russian naval shipyard Yantar has asked for additional $100 million to complete three Talwar class stealth frigates for Indian Navy. As per Kommersant business daily, the lack of funds has delayed the completion of three frigates for India under the $1.6 billion deal signed in 2006. The delivery is set to begin in 2011. This is a rquest from the ship maker to the Russian Govt and it will not escalate cost for India as per Kommersant. But, it may effect the delivery schedules.

Yantar is building INS Teg (sabre), INS Tir (arrow) and INS Tarkash (quiver) for the Indian Navy.

"The Indian side was aware of the issue and was treating it with understanding," a source close to the state arms exporter – Rosoboronexport was quoted by the daily.

"We are not considering increasing the contract price for India. We propose to settle the issue with the help of domestic reserves, including those of the United Shipbuilding Corporation," an unnamed Rosoboronexport source said, underscoring that there will be no repetition of Gorshkov story, which led to the doubling of initial cost of the deal.



http://frontierindia.net/russians-want-100-million-more-to-deliver-talwar-class-stealth-frigates-for-indian-navy

 

[Parthy]

India, Russia sign deals on nuclear reactors, fighter planes


India and Russia signed a raft of agreements Tuesday, including a framework accord on the building of two Russian nuclear reactors, and a pact to design and develop fifth-generation fighter aircraft.

The accords were signed following talks in New Delhi between visiting Russian President Dmitry Medvedev and Indian PM Manmohan Singh, during which both sides set a target of doubling bilateral trade to 20 billion dollars by 2015.

The nuclear agreement covered the building of two additional generating units at a nuclear power plant in the southern Indian state of Tamil Nadu, where Russia is already setting up two reactors, a joint statement said.

Energy-hungry India is one of the world's biggest markets for nuclear technology with plans to reach a nuclear power capacity of 63,000 megawatts by 2032, from the current level of 4,560 megawatts.

The accord on jointly developing a fifth-generation fighter with stealth capabilities could be worth up to 30 billion dollars, with India planning to bring up to 300 of the aircraft in its air force.

In the joint statement, Russia also voiced its support for India "as a deserving and strong candidate" for a permanent seat in an expanded UN Security Council.


http://timesofindia.indiatimes.com/india/India-Russia-sign-deals-on-nuclear-reactors-fighter-planes/articleshow/7138786.cms#ixzz18kLRLJla