India to export BrahMos missiles to Philippines, signs $374-mn deal
BrahMos Aerospace Private Limited (BAPL) signed a contract with the Department of National Defence of the Republic of Philippines on Friday for supply of Shore Based Anti-Ship Missile System to Philippines, said Ministry of Defence.
The BAPL is a joint venture company of the Defence Research and Development Organisation. The contract is an important step forward for Government of India’s policy of promoting responsible defence exports.
Earlier this month, the Philippines accepted Indian BrahMos Aerospace Private Limited’s proposal worth $374 million to supply Shore-Based Anti-Ship Missile systems for the Philippines Navy.
The BrahMos export order is the biggest for the country in this field and is likely to propel India amongst the arms exporter countries as more orders for the missile are expected from other friendly countries too.
The missile is also getting more capable due to added range and other modern technologies getting incorporated into it.
India has already deployed a sizable number of the Brahmos missiles and other key assets in several strategic locations along the Line of Actual Control with China in Ladakh and Arunachal Pradesh.
#WATCH | We strengthen our partnership with $374mn deal for BrahMos missiles with Philippines, this is our major deal.
BrahMos is imp to them however many more deals will follow. Many countries showed their interest in BrahMos:Atul Dinkar Rane, CEO & MD, BrahMos Aerospace Limited pic.twitter.com/qeFyzPb05k
— ANI (@ANI) January 28, 2022
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
© 2022, Admin. All rights reserved.