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India-Russia joint venture hopes for $5 billion in supersonic missile exports
BrahMos Aerospace is in discussions with Indonesia, Malaysia and Vietnam for new orders, chairman Atul D Rane told Reuters partner ANI on Tuesday.
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In this frame grab provided by Russian Defense Ministry press service, a long-range Kalibr cruise missile is launched by a Russian Navy ship in the eastern Mediterranean, on Aug. 19, 2016. The Russian military says two of its ships have launched cruise missiles at targets in Syria from eastern Mediterranean. (Russian Defence Ministry Press Service photo via AP/-)
A
n India-Russia joint venture that makes nuclear capable supersonic cruise missiles hopes to bag orders worth $5 billion by 2025, its chairman said on Tuesday, having signed its first export deal of $375 million this year with the Philippines.
BrahMos Aerospace is in discussions with Indonesia, Malaysia and Vietnam for new orders, chairman Atul D Rane told Reuters partner ANI on Tuesday.
The joint venture, with a 50.5 percent Indian and 49.5 percent Russian partnership, fits into Prime Minister Narendra Modi's flagship make-in-India programme.
India has made Russian MiG fighter planes and Su-30 jets under licence and the two have collaborated to make BrahMos missiles in India. Russia has also traditionally been India's main arms supplier.
In April last year, Russia's Foreign Minister Sergei Lavrov had said the two countries were discussing "additional" production of Russian military equipment in India.
India, which has not explicitly condemned Russia's invasion of Ukraine, has also emerged as Moscow's second-largest oil customer after China as Indian refiners snap up discounted Russian oil shunned by some Western buyers.
"Prime Minister Narendra Modi has given a target of achieving $5 billion (in defence exports) by 2025. I hope BrahMos themselves will be able to reach the $5 billion target by 2025," Rane said.
India's defence forces currently uses the BrahMos surface-to-surface supersonic missile, which can be launched from land, sea and sub-sea platforms.
