March 28, 2024 14:12 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
India and China discuss border disengagement: EAM | Indian External Affairs Minister S Jaishankar discusses defence, trade while interacting with Malaysian leaders | Want to return money 'looted' from poor and attached by ED in Bengal: PM Modi tells Krishnagar BJP candidate | Congress drops Supriya Shrinate as candidate for LS polls over her remarks on Kangana Ranaut | Delhi HC refuses interim relief to Arvind Kejriwal, issues notice to ED

Russia interested to manufacture aircraft in India: Nirmala Sitharaman

India Blooms News Service | | 28 Nov 2014, 10:45 pm
New Delhi, Nov 28 (IBNS) Minister of State (Independent Charge) in the Ministry of Commerce & Industry Nirmala Sitharaman on Friday said the Russian side expressed their interest in production of civil aircraft, light transport aircraft and helicopter in India with Russian technology.

In a a written reply in Lok Sabha she said: "India has sought cooperation from Russia in various sectors including the Delhi Mumbai Industrial Corridor, Railway Wagon Manufacturing, Construction and Mining equipment, development of National Investment and Manufacturing Zones (NIMZs), production of CRGO grade Steel etc. The response of the Russian side was positive."

"A number of steps have been taken by the Government to improve ease of doing business in India in the recent months. These include de-licensing and deregulation of large number of items under Defense Manufacturing; introduction of 24x7 online application filing system for Industrial Licenses; introduction of self-attestation and third party audit; and liberalization of FDI Policy," she said.

"The Russian side expressed their interest in production of civil aircraft, light transport aircraft and helicopter in India with Russian technology. The Indian Government has welcomed the Russian interest and is committed to enhance bilateral investment and trade cooperation," the Minister said.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.