On February 3, 2021 Aviatech Enterprises Pvt Ltd (AEPL), a Crown group company entered into a ‘framework agreement’ with Russian Aircraft Corporation(RAC) MiG, where AEPL will be the in-country authorised partner for RAC MiG to provide post-warranty product support to Mikoyan-Gurevich(MiG)-29K and MiG-29KUB fighter jets, associated systems, Ground Support Equipment (GSE) and Special to Type Test Equipment (STTE) in the inventory of the Indian Navy.
- Currently Indian Navy has around 40 MiG-29K (single seat) and MiG-29KUB (double seat) aircraft in its fleet.
What is Framework Agreement?
Framework agreement is an arrangement between one or more buyers and one or more suppliers that provide the terms governing contracts to be established for a certain period of time, in particular with regard to price and, where necessary, the quantity envisaged.
About the Framework Agreement:
i.As per the agreement AEPL will address the critical maintenance, logistic and supply chain issues on 24X7 basis. This improves the availability of the aircraft and associated systems.
ii.The agreement seeks to enhance domestic product support at the doorstep of the Indian Navy establishments operating or maintaining the MiG-29K/ KUB fleet of aircraft.
iii.As per Ministry of Defence-MOD (Dept of Defence Production) guidelines, it reduces the turnaround timelines of the aggregates through the contracts on a long term basis.
Note- The framework agreement is based on the inter-governmental agreement that was signed between India and Russia in September 2019.
Recent MoU signed by Crown Group & USC for Indian Navy
OSK India, a company of the Crown group has entered into an exclusive cooperation agreement with Russian company United Shipbuilding Corporation (USC) for maintenance, servicing, manufacturing and supply of spares of Indian Navy ships.
Recent Related News:
On May 8, 2020 The Defence Ministry has signed a contract worth around Rs 1,200 crore with Tata Power Strategic Engineering Division(TPSED) for Phase-II of Modernisation of AirField Infrastructure(MAFI) of 37 airfields for Indian Air Force(IAF), Indian Navy (IN) and Indian Coast Guard (ICG). The proposal is approved by Union Defence Minister Rajnath Singh.
About Aviatech Enterprises Pvt Ltd (AEPL):
Headquarters– New Delhi, India
CEO– Rear Admiral (retd) Srinivas Kanugo
About Russian Aircraft Corporation MiG:
Managing Director– Andrey Leonidovich Gerasimchuk
Headquarters– Moscow, Russia