Spetstechnoexport

Spetstechnoexport, Ukraine’s state owned arms sales company, has opened its second office in India, after New Delhi, the capital. The new office is in Nashik, an aerospace manufacturing hub 170 km northeast of Mumbai. Nashik is home to Hindustan Aeronautics Limited, which nearly tripled its business this year with Spetstechnoexport, compared to 2016 levels. Last April, at India’s DefExpo 2018, Spetstechnoexport signed new aviation contracts worth $20 million, UkrOboronProm reports. During the Cold War, India received many of its arms from the Soviet Union, with much materiel coming from factories in Soviet Ukraine.