Business news from Ukraine

UKRAINE COULD TAKE PART IN UPGRADING ARMORED VEHICLES FOR INDIA

30 August , 2016  

KYIV. Aug 30 (Interfax-Ukraine) – Ukraine and India are working on expanding military and technical cooperation, the parties are in talks on cooperation in modernization of T-72 armored vehicles for the Armed Forces of India, a source in the defense sector has told Interfax-Ukraine.

“India is interested in placing an order for modernization of T-72 armored vehicles in Ukraine. Currently the parties are negotiating on organization of cooperation. The estimated need of Indian customers for upgraded T-72 armored vehicles, according to some estimates, exceeds 1,000 units,” the report reads.

According to the source, among the basic requirements of the Indian customer is re-motorization of the armored vehicles with replacing engines for Ukrainian 6TD-2 engines with a power of 1,200 hp, as well as equipping the vehicles with air conditioning and autonomous power systems.

Ukraine plans five-fold increase in military-technical cooperation with India and to bring its volume to $500 million a year by 2019.