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SpetsTechnoExport during DefExpo-2020: "Focus on deep innovation projects with India"
06.02.2020

5th of February, 2020. Lucknow, Republic of India: The State Concern “Ukroboronprom” (Ukrainian Defense Industry) takes part in International Defense Exhibition DefExpo-2020. The main priority for the Ukrainian delegation is to reach an agreement on increasing the share of innovative projects in military-technical cooperation between Ukraine and India.

Also, the Ukrainian delegation, led by the Ukroboronprom General Director Aivaras Abromavicius aims to find a solution with the Indian side to improve the information exchange between the banking and financial institutions of both countries. This should speed up the execution of the signed contracts.

“Nowadays we have a big amount of active contracts despite their relatively small value – about 50 – 100 million of dollars per year. We strive to change quantity to depth and quality. That means an increase of complex projects with a considerable innovative component. SC “Ukroboronprom” mainly supplies spare parts and components and provides services. At the same time, over the last 6 years Ukroboronprom enterprises have developed unique solutions for modernizing Soviet military equipment which continues being in operational use in India. These solutions were tested in the conditions of war and were taken into service by the Ukrainian army. They are also innovative and giving military equipment qualitatively new characteristics. First of all, it concerns Armoured vehicles, Air Defense systems and Aviation. These are the solutions we will offer to the Indian side.” – Mr. Aivaras Abromavicius General Director of SC “Ukroboronprom” said.

It is worth mentioning that during the DefExpo-2020 SE SFTE "SpetsTechnoExport", that is a part of the State Concern "Ukroboronprom", presents a new upgrade program of T-72 battle tanks which are still in operational use worldwide. Negotiations of Ukrainian delegation with the Ministry of Defense and the General Staff of the Armed Forces of India, largest state and private defense corporations are scheduled during the exhibition.

Ukrainian delegation of SC “Ukroboronprom” on DefExpo-2020 consists of: SE SFTE "SpetsTechnoExport", SE “Antonov”, SE “Kharkiv machine-building plant “FED”, SE ”Krasylivsky aggregate plant”, SE “ Zorya-Mashproekt”, SE “Izyum instrument-making plant”, SE “Mykolayiv aircraft repair plant “NARP”, SJSHC “ARTEM”.

Reference:
The DefExpo International Defense Exhibition has been held in India since 2000 each 2 years with a support of the Indian Ministry of Defense. It is one of the biggest Defense Exhibitions in South and Southeast Asia. The world’s leading defense industry companies, in particular, defense giants from the US, France and Israel are presenting their projects at the exhibition.



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ABOUT SPETS TECHNO EXPORT

State Foreign Trade Enterprise “SpetsTechnoExport” is a fully state-run entity incorporated by the Government of Ukraine in 1998 for export-import activities at foreign armaments markets.

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