Source: The Hindu Business Line, Sept 10, 2017
Mumbai: Despite India opening up its defence industry to private players, Russian suppliers still find it more convenient to work with Indian public sector companies. Concerns over experience and expertise are the main reasons, experts say.
Since the new policy was approved in May this year, Russian defence companies — unlike OEMs from the US, Israel and Europe — have been less active in signing MoUs with Indian private sector players such as the Tatas, L&T, Reliance Infrastructure, M&M, Bharat Forge and Ashok Leyland. Read the rest of this entry »