Military Review

India refuses to joint venture with Rosoboronexport

18
As reported by 6 in the evening on August 2013, the Government of India’s information bureau, the authorities again refused to place shares in favor of a foreign investor of the Rosoboronexport joint venture and the local company Punj Corporation for the repair, maintenance and production of weapons for the ground forces.


The report on the outcome of the consideration of requests by various joint ventures for the resolution of foreign direct investment mentions that the Council for the Promotion of Foreign Investment rejected an application for issuing shares in favor of a foreign investor submitted by Rosoboronterra, but the reasons for this decision are not specified. According to Jane's, this proposal with the participation of Rosoboronexport has been rejected for the second time in ten months. Apparently, we are talking about the entry of Rosoboronexport into the authorized capital of the joint venture, without which the company has no right to conduct business.

India refuses to joint venture with Rosoboronexport

Rosoboronterra company logo


The joint venture is called Rosoboronterra India Pvt Ltd. It was registered by the local Punj Corporation in May 2010, and its creation was announced at the beginning of 2012 during the Defexpo exhibition in Delhi. The first attempt to obtain the consent of the Foreign Investment Council to conduct business in the field of military-made products the company made in November 2012.

The company should be managed by a board of directors consisting of representatives of the Panj family, deputy head of Rosoboronexport Viktor Komardin and directors from Uralvagonzavod and Motovilikha. The company’s documents state that Kurganmashzavod should also be an affiliate, however there is no representative of Kurganmash on the company's board of directors.

The joint venture, judging by the available data, was created for maintenance and repair tanks T-72 and T-90, BMP-1 and BMP-2, MLRS "Grad" and "Smerch" Indian aircraft. The share of ROE, UVZ and Motovilikha should not exceed 26%, as required by Indian laws.

In 2012, a memorandum of understanding was signed stating the intention to create a joint venture with the participation of Rosoboronexport and Fusion to produce five different types of ammunition for the Smerch MLRS based on Russian technologies. Two more joint ventures exist in the sector aviation: on a multi-purpose transport aircraft and a project for a promising multi-functional fighter.
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  1. Airman
    Airman 12 August 2013 11: 38 New
    0
    Hindus are afraid that Russian will join the Indian corruption with even greater appetites, and Bolivar can not stand two.
    1. Su24
      Su24 12 August 2013 14: 19 New
      0
      Something has been unlucky for us with India lately.
      1. duke
        duke 12 August 2013 15: 31 New
        +1
        Yes, the question is not luck, there simply is no longer a center of power -SSSR, so everyone is drawn to the current ones, they cannot by definition, China, and the former metropolis remains -Britain and of course the States .... why bear the double costs? Everything is just like an ax
      2. edge
        edge 12 August 2013 15: 55 New
        +1
        Quote: Su24
        Something has been unlucky for us with India lately.

        it can be assumed that this is India’s response to the rapprochement of Russia and China .... (with which they are in a state of sluggish conflict due to the last occupation of Jammu Kashmir)
      3. experienced
        experienced 12 August 2013 15: 58 New
        +1
        Quote: Su24
        Something has been unlucky for us with India lately.

        Or maybe India is not lucky with us? We Indians have let down too often lately ... request
  2. experienced
    experienced 12 August 2013 11: 38 New
    +5
    The joint venture, judging by the available data, was created for the maintenance and repair of the T-72 and T-90, BMP-1 and BMP-2 tanks, the Grad and Smerch MLRS of the Indian Armed Forces

    They save on pennies by losing rubles. You cannot save on the maintenance of military equipment. Then again there will be statements about the "unreliability" of Russian technology. "Miser pays twice" winked
  3. Grbear
    Grbear 12 August 2013 11: 46 New
    +7
    Repeated failure! says only one thing. In Oboronservis there are "stooltkins" who do not want to settle internal issues between the factories and climb with their charter into a strange monastery. India is no longer Zita with Geeta, and "clicking the beak" is an impermissible luxury.
    1. Tersky
      Tersky 12 August 2013 11: 57 New
      +4
      Quote: GrBear
      Repeated failure! says only one thing.

      This also says the opposite - Indian media about the Indian Ministry of Defense "Loud scandals about the use of corruption schemes in the selection of tender winners also negatively affect the project and lead to an even greater slowdown in the traditionally carried out without much rush decision-making procedures in the Indian Ministry of Defense. that over the past three years, the Central Bureau of Investigation has recorded 90 cases of suspected corruption in defense contracts. "
    2. Fedych
      Fedych 12 August 2013 12: 24 New
      -1
      I don’t know! - but m. you are right. When there is a mess in the country here and there, it is naive to think that people are baked about strangers both better and better. A spiritual and non-nationally patriotic oriented slave with his - .. after us, at least a flood, has ruined and is ruining and will ruin everything and everyone. . This group is not even the so-called. agents of influence, and that trash that everywhere trash. E if it’s not indicative of such a thing as to start unscrewing the Bosko, for punishment and for demonstrative preventive intimidation, for observing the rules of the game the so-called honest, patriotic, but, all the same, mutually competing business, they will never understand anything. Even Chikotilo, in other respects there was a man. BUT rats? - only need to crush and poison. What a drunk, a drug addict with withdrawal, at the moment! - these are people with a diagnosis of cholera, typhoid, plague, leprosy. And do not be ashamed of this diagnosis by them, not otherwise. So it is possible and necessary to save the power, and itself, and some of them. The rest is from the Almighty and from Him, even if not according to His will, but simply because of our tolerance for our excessive trust in our mind and our brains. We learn history not by letter, but by the Spirit! —And remember what happened to the OT-Jews, Byzantium, Tsarist Russia, who replaced the Truth of God with their human speculations and concepts.
      1. buzuke
        buzuke 12 August 2013 14: 50 New
        +1
        this is a stream of consciousness !!! True, I did not catch up slightly, and here India, but this is not important
      2. duke
        duke 12 August 2013 15: 35 New
        0
        Well, of course you are right, but you think someone understands you, what are you talking about? That's the problem, first bring up a new elite, isn’t it? Ask yourself why your Jews do not have this question? Maybe because people competently work with their youth? I hope you caught the wave ...
  4. uhu189
    uhu189 12 August 2013 11: 52 New
    +4
    And for God's sake, the master-master - they do not want and do not need ... Our plants will not remain without work, especially now ...
  5. buzuke
    buzuke 12 August 2013 12: 00 New
    +1
    why are they kicking? like the experience of brahmos is very positive. apparently want something, but ours don’t give
  6. Russ69
    Russ69 12 August 2013 12: 04 New
    +1
    Apparently, we are talking about the entry of Rosoboronexport into the charter capital of the joint venture, without which the company does not have the right to conduct business.

    It is quite possible that some kind of legal is not docking ... It’s too early to drive a wave.
  7. Scandinavian
    Scandinavian 12 August 2013 12: 27 New
    +1
    Something Indians pissed ... For your benefit ...
  8. quolta
    quolta 12 August 2013 14: 21 New
    0
    in vain and why?
    1. True
      True 12 August 2013 15: 29 New
      +1
      Afraid to get infected wink
  9. IRBIS
    IRBIS 12 August 2013 16: 10 New
    0
    "In 2012, a memorandum of understanding was signed ..."
    So there is no mutual understanding. Something did not grow together ... But in general, the thoughts of the Indians are a dark forest ...
  10. shpuntik
    shpuntik 12 August 2013 18: 10 New
    +1
    The share of ROE, UVZ and Motovilikha should not exceed 26%, as required by Indian laws.

    They are not afraid of anything. Just too cunning. They want to use our technologies for the fourth part of the price, although in fact they cost at least 51%. We want to repair and manufacture our equipment, and they want to have their own jackpot -74% in a joint venture. Gypsies are train stations, in general.
  11. The comment was deleted.
  12. solomon
    solomon 13 August 2013 13: 47 New
    +1
    The reasons for the refusal are not mentioned. The fact that they are, is hardly doubtful.
    It turns out that one of the parties has something to hide (for example, its mistakes), in our case, in all likelihood, Rosoboronexport.