Indo-Russian enterprise BrahMos Aerospace is all geared to sell the BrahMos supersonic cruise missile to Indonesia, more than a year after clinching its first-ever export deal with the Philippines.
The India-based BrahMos Aerospace hopes to close a deal this year to sell Indonesia supersonic cruise missiles for at least $200 million, the company's chief executive told the media. This will help the company increase its presence in Southeast Asia.
As part of the ambitious drive by Indian Prime Minister Narendra Modi to triple defense exports, BrahMos, a joint venture between India and Russia, sold $375 million worth of shore-based anti-ship missiles to the Philippines last year.
Even though Modi has set a lofty goal of $5 billion for India's defence exports to be accomplished by 2024–2025 from its current $1.5 billion, media sources earlier suggested that the BrahMos supersonic missile alone has the ability to reach $3 billion by 2026.
BrahMos Corporation is prepared to lead India’s export push. Many nations, particularly those in South East Asia and the Middle East, have expressed a keen interest in purchasing the Made-in-India missiles designed and developed in collaboration with Russia.
Indonesia has thus become a potential client. There have reportedly been lengthy negotiations between Indonesia and the Indo-Russian joint venture BrahMos Aerospace. Unfortunately, no specifics about the parameters or schedule of a potential deal have been made available to the public.
