NEW DELHI, September 8 (RIA Novosti) - The Russian-Indian joint venture Rosoborontekhservis India, seeking to provide technical maintenance for Russian vessels on service in Indian Navy, was unveiled Thursday in New Delhi.
Anatoly Nigreyev, the director of the newly formed concern, said the enterprise would be responsible for all kinds of technical maintenance and repairs and for supplying parts for Indian Naval vessels and submarines.
Military experts estimate that Russian-produced vessels account for 70% of the Indian Navy.
The new joint venture consists of seven enterprises of the Russian defense complex and Rosoboronexport, which has the largest share in the new company.
The Indian Navy's repair market is estimated at $200 million annually.
