Russia and India Sign Munitions Deal
11:11 28/08/2012 NEW DELHI, August 28 (RIA Novosti) - Russia and India signed a framework document on Tuesday for establishment of a joint production facility for modern munitions for the Indian Army, a high-ranking source in the Indian Armed Forces told RIA Novosti.
The agreement was signed on Monday at a working group on defense production.
India plans to start domestic production of cutting-edge Russian-designed weapons, including rocket and artillery rounds.
The two sides also discussed other areas for possible cooperation including license-production of Russian aerospace technology, the source said, but did not give further details.
India has traditionally been a major client for Russia's arms industry and its army operates Russian tanks, rocket launchers and small arms.
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