Article Posted on : - Jul 27, 2016

A file photo.

KOLKATA (PTI): Texmaco Rail & Engineering on Tuesday said it has signed a pact with ROSOBORONEXPORT (ROE), the sole state intermediary agency for Russia's exports/imports of defense-related and dual use products, technologies and services for Defence production.

The MoU has been signed for cooperation in carrying out joint projects for modernization of Armoured Vehicles operated by the Indian Army; co-production of BMP-3; research, development and production of futuristic models and spare parts etc. at texmaco industrial facilities, a Texmaco statement said.

The cooperation will enable the two entities to provide cost-effective upgraded solutions for in-service Amoured Vehicles, as well as latest state-of-the art Russian technologies for building futuristic Armoured Vehicles under Make-in-India programme.

ROE is ranked amongst the leading operators in the international arms market.