Moscow: Encouraged by successful cooperation in developing a "unique" BrahMos cruise missile for the Navy, India and Russia are set to move towards developing new weapon systems jointly from R&D stage to joint production.

Russian Defence Minister Sergei Ivanov said the Indo-Russian accord on the development of a fifth generation fighter was one of such example and that the 'Gorshkov' deal would be a major defence deal between India and Russia.

Responding to a question about the growing presence of foreign players in the Indian arms market, Ivanov, talking to Moscow-based Indian journalists ahead of his Indian visit, said Russia was not afraid of losing its place.

"We had never planned to monopolise the Indian (arms) market. Depending only on one source is bad for any Armed Forces, it leads to their degradation," Ivanov said.

Russia understands India's desire to get the best available technology and welcomes it, and has to compete by offering the best technology.

He said that Moscow was not averse to ties with third parties while working on Indian Defence orders.

"In one such case Russia has a share with Israel," Ivanov said referring to Phalcon radar deal with Jerusalem.

Referring to the spate of articles in the Indian media critical of the Russian supply of spares and contractual problems in Su-30MKI, Ivanov said all necessary infrastructure and measures have been taken for the supply of spares and after sales service.