Texmaco Rail & Engineering has signed an agreement with ROSOBORONEXPORT (ROE), the sole state intermediary agency for Russia’s exports/imports of defence-related and dual use products, technologies and services for Defence production.

Texmaco has said in a statement that the MoU has been signed for cooperation in carrying out joint projects for modernization of Armoured Vehicles operated by the Indian Army; co-production of BMP – 3; research, development and production of futuristic models and spare parts etc.

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