Reuters:

An 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% Indian and 49.5% Russian partnership, fits into Prime Minister Narendra Modi’s flagship make-in-India programme.

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