Jumping on to the Make in India bandwagon, old ally Russia has put forward a series of joint manufacturing projects to New Delhi, proposing to manufacture helicopters, airliners and satellite navigation systems, besides setting up a multi-billion dollar start up fund to promote nano technology.
A slew of projects have been discussed at the top level during the recent visit of Russian Deputy Prime Minister Dmitry Rogozin, all aimed at going beyond the tradition supplier-buyer relationship that made Moscow the largest supplier of defence equipment to India for the past few decades. It has recently been replaced by the US in the past three years.
Sources said that Russia expressed its keenness in participating in the Make in India initiative and a few projects could be concretised during President V Putin's to New Delhi next month. One proposal that will be studied by interest in India is to set up a joint USD 3 billion dollar fund to promote joint start-up companies in the nanotechnology field with applications from defence to aerospace and manufacturing.
It is learnt that the Russian delegation earlier this month included Anatoly Borisovich Chubais, the chief of RUSNAN - a government-owned company working on commercialising nanotechnology. Sources said that Chubais has put forward a proposal that India and Russia equally contribute to the fund that would select and nurture joint companies working in the field.
It is learnt that the Russian delegation earlier this month included Anatoly Borisovich Chubais, the chief of RUSNAN - a government-owned company working on commercialising nanotechnology. Sources said that Chubais has put forward a proposal that India and Russia equally contribute to the fund that would select and nurture joint companies working in the field.
On the space front, Russia has proposed manufacturing of modules and components for its GLONASS satellite navigation system in India. Officials said that a clearer picture on joint projects could emerge during Putin's visit next month where he is expected to make a big pitch for the Make in India initiative.
A slew of projects have been discussed at the top level during the recent visit of Russian Deputy Prime Minister Dmitry Rogozin, all aimed at going beyond the tradition supplier-buyer relationship that made Moscow the largest supplier of defence equipment to India for the past few decades. It has recently been replaced by the US in the past three years.Sources said that Russia expressed its keenness in participating in the Make in India initiative and a few projects could be concretised during President V Putin's to New Delhi next month. One proposal that will be studied by interest in India is to set up a joint USD 3 billion dollar fund to promote joint start-up companies in the nanotechnology field with applications from defence to aerospace and manufacturing.
It is learnt that the Russian delegation earlier this month included Anatoly Borisovich Chubais, the chief of RUSNAN - a government-owned company working on commercialising nanotechnology. Sources said that Chubais has put forward a proposal that India and Russia equally contribute to the fund that would select and nurture joint companies working in the field.
It is learnt that the Russian delegation earlier this month included Anatoly Borisovich Chubais, the chief of RUSNAN - a government-owned company working on commercialising nanotechnology. Sources said that Chubais has put forward a proposal that India and Russia equally contribute to the fund that would select and nurture joint companies working in the field.
On the space front, Russia has proposed manufacturing of modules and components for its GLONASS satellite navigation system in India. Officials said that a clearer picture on joint projects could emerge during Putin's visit next month where he is expected to make a big pitch for the Make in India initiative.
