Russian-Indian agreement on separation of research and development work on the Fifth Generation Fighter Aircraft (FGFA) is on its final stage, Russian Minister of Trade and Industry Denis Manturov said Friday, adding that India would have equal rights over aircraft in case it invested money into the project.
On Thursday, Indian media reported that the country was ready to develop the project with Russia only under the condition of complete transfer of technology.
"It's not free transmitted, it is not a gift, money is invested in this project. The first part [of agreement] is already under implementation. We are talking at the moment about completion of the negotiations of the second stage — research and development work, which is set to co-financing," Manturov said, adding that the Indian side would also have equal rights on possessing the technology in case of co-financing.
The FGFA project is part of the "Make in India" initiative launched by Prime Minister Narendra Modi in 2014. In the project, the Russian side is represented by the Sukhoi aircraft manufacturer and the Indian side by the Hindustan Aeronautics.
The agreement will be reportedly designed for six years, with estimated cost of 127 aircraft amounting to $25 billion.
Kansai International airport (KIX) reaches new milestone in its development with the inauguration of the completed international trade zone. This completion marks the conclusion of the extensive renov...
U.S.-based aircraft management, fractional ownership, jet cards, and charter services operator Airshare is equipping its fleet of Embraer Phenom 300s with the Gogo Galileo HDX system. The up...
VIP Completions together with partner YODEZEEN announced that their Gulfstream G550 refurbishment project won the ‘Aviation Interior Design/VIP Completion’ title at the International...
AERO 2027, taking place from April 14-17, 2027, will feature a further developed concept designed to build on the great success of this year’s event. In 2026, 860 exhibitors from 50 countries to...
