After several months of hectic negotiations on technical details, India and Russia are ready with a detailed work-share agreement for joint production of a fifth generation fighter aircraft (FGFA). Russia will now share critical new generation aircraft technologies as part of a deal that would include production of over 100 fighters in India.
The two nations are also expected to incorporate a new company by October for the production of Kamov Ka 226 light choppers, which would involve significant private sector participation.
Both projects have been accelerated ahead of Indo-Russian summit talks in Goa next month that will be attended by President Vladimir Putin.
Officials who have been briefed on ongoing talks told ET that the FGFA programme in particular will yield rich dividends to India due to the quantum of technology on offer.
“From a preliminary documents that was barely two dozen pages, we have agreed on a 650 page detailed plan that specifies exactly what all will be shared,” the official said.
Unlike in the past when a broad agreement would be signed on fighter deals like the Su 30 MKI contract, this time around Indian negotiators have gone deep into details of the joint production plan.