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The agreement includes the potential joint production of GE Aerospace's F414 engines in India and the engines will be used to power Tejas fighter jets, GE said.
In the last six decades, MiG-21s have been involved in 400 crashes.
Group Captain Naveen Kumar Tiwari flew her in a Sukhoi-30 MKI that took off from the Indian Air Force base.
Canadian Prime Minister Justin Trudeau announced the shootdown on Twitter and said it took place over the Yukon territory in the country's north.
A senior defence ministry official declined to confirm or deny the report. However, they said sourcing of spare parts from Russia was increasingly difficult due to the war in Ukraine.
Mohana was one among the three women pilots inducted by the Air Force into the fighter stream.
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