BrahMos JV value now stands at Rs 40,000 crore

The BrahMos venture between India and Russia to build supersonic cruise missiles was started with an initial investment of Rs 1,300 crore and the business has now grown to the tune of Rs 40,000 crore, a top official of the company.  BrahMos Aerospace CEO and Managing Director Mr Sudhir Mishra said like the supersonic missiles project, there should have been joint ventures between India and Russia in more sectors.  He said the joint venture was formed at a time when Russia was undergoing financial turmoil and India should have “encashed” it by having more collaborations.  Formed in 1998, BrahMos is a joint venture between India`s Defence Research and Development Organisation and Russia`s NPO Mashinostroyeniya. The supersonic cruise missiles can be fitted on all the three platforms — land, air and ships and submarines.

 Source: Economic Times

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