This is stated in the agreement that Ukroboronprom signed with the Indian state company Bharat Heavy Electricals Limited (BHEL).
According to Oleksiy Zhukovets, General Director of NVKG, this agreement will increase the competitiveness of the company’s products and expand opportunities for participation in new projects.
“With the agreement, we have consolidated the results of a long 6-year cooperation with BHEL to determine the format of cooperation, technical capabilities and future prospects. The implementation of the localization project significantly increases the competitiveness of our products in the Indian market. We have significantly strengthened our position and expanded our opportunities to participate in new projects. Today we have reason to talk about the use of our equipment for ships of the Indian Navy in the long run, “said the head of the company.
Partial localization will take place under a license agreement with BHEL payment of the corresponding royalty in favor of SE “Zorya” – “Mashproekt”.
The company also reminded that under the terms of the Indian state development program Make in India, when deciding to cooperate with foreign partners, preference is given to those companies whose production is at least partially localized in India.
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