India-Russia joint venture hopes to export $5 billion worth of supersonic missiles by 2025

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NEW DELHI, Oct 18 (Reuters) – An Indo-Russian joint venture that makes nuclear-capable supersonic cruise missiles hopes to win orders worth $5 billion by 2025, its chairman said on Tuesday, after signed its first $375 million export deal this year with the Philippines.

BrahMos Aerospace is in talks with Indonesia, Malaysia and Vietnam for new orders, Reuters Partner ANI Chairman Atul D Rane said on Tuesday.

The joint venture, with a 50.5% Indian and 49.5% Russian partnership, is part of Prime Minister Narendra Modi’s flagship India manufacturing program.

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India has manufactured Russian MiG fighter jets and Su-30 jets under license and the two have collaborated to manufacture BrahMos missiles in India. Russia has also traditionally been India’s main arms supplier.

In April last year, Russian Foreign Minister Sergei Lavrov 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 become Moscow’s second largest oil customer after China, with Indian refiners buying Russian oil at a discount, shunned by some buyers. Westerners.

“Prime Minister Narendra Modi has set a target of reaching $5 billion (in defense exports) by 2025. I hope BrahMos themselves will be able to reach the target of $5 billion. billion by 2025,” Rane said.

The Indian Defense Force currently uses the BrahMos supersonic surface-to-surface missile, which can be launched from land, sea and submarine platforms.

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Reporting by Shivam Patel in New Delhi; Editing by Alison Williams

Our standards: The Thomson Reuters Trust Principles.

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