India, Philippines ink pact for supply of Brahmos missiles
Equipment

India, Philippines ink pact for supply of Brahmos missiles

India and the Philippines have signed an agreement for deals on military hardware, including the potential supply of Brahmos cruise missiles.

The Department of National Defence of the Philippines announced the signing of the "implementing arrangement" for the procurement of defence materials and equipment.

Last year, in November, the media had reported that India and the Philippines are looking to ink a pact on the Brahmos cruise missile, making the Southeast Asian country the first customer for the weapons system developed jointly by India and Russia.

The actual agreement on the missiles is expected to be inked during a meeting of the two countries later this year.

Russian officials told the media that India and Russia are working to gradually increase the range of the Brahmos missile system and begin exporting the missile to other countries, starting with the Philippines.

The Philippines army closed in on the Brahmos deal after extensive trials, and much of the negotiations have revolved around the cost of the system and financing for the deal. India has offered a $100 million line of credit (LoC) to the Philippines for defence purchases.

India has also been in talks with several Southeast Asian countries, including Indonesia, Vietnam and Thailand, over the past few years to sell the land and sea and land based versions of the Brahmos.

India's draft defence production policy of 2018 set a target of achieving defence exports worth $5 billion by 2025.

Image Source

India and the Philippines have signed an agreement for deals on military hardware, including the potential supply of Brahmos cruise missiles. The Department of National Defence of the Philippines announced the signing of the implementing arrangement for the procurement of defence materials and equipment. Last year, in November, the media had reported that India and the Philippines are looking to ink a pact on the Brahmos cruise missile, making the Southeast Asian country the first customer for the weapons system developed jointly by India and Russia. The actual agreement on the missiles is expected to be inked during a meeting of the two countries later this year. Russian officials told the media that India and Russia are working to gradually increase the range of the Brahmos missile system and begin exporting the missile to other countries, starting with the Philippines. The Philippines army closed in on the Brahmos deal after extensive trials, and much of the negotiations have revolved around the cost of the system and financing for the deal. India has offered a $100 million line of credit (LoC) to the Philippines for defence purchases. India has also been in talks with several Southeast Asian countries, including Indonesia, Vietnam and Thailand, over the past few years to sell the land and sea and land based versions of the Brahmos. India's draft defence production policy of 2018 set a target of achieving defence exports worth $5 billion by 2025. Image Source

Next Story
Infrastructure Energy

REC Transfers HVDC Project to Power Grid

REC Limited has successfully handed over the Special Purpose Vehicle (SPV) for a High-Voltage Direct Current (HVDC) transmission project to Power Grid Corporation of India Limited (PGCIL). This strategic move aligns with the nation's objectives to strengthen its power transmission network. Key Highlights: Project Overview: The HVDC project, under the inter-state transmission system (ISTS) initiative, is a critical component of India's push toward robust and efficient electricity transmission. It aims to handle bulk power transfer across long distances while ensuring minimal losses. Role of RE..

Next Story
Infrastructure Transport

NF Railway Collaborates with IIT Guwahati

The Northeast Frontier (NF) Railway has signed strategic Memorandums of Understanding (MoUs) with IIT Guwahati to foster technological advancements and improve railway operations in the region. This partnership focuses on innovative solutions to enhance safety, efficiency, and sustainability in rail infrastructure. Key Highlights: Purpose of MoUs: The collaboration aims to leverage IIT Guwahati's expertise in technology and research for implementing cutting-edge solutions across railway operations. Key areas of focus include: Automation and digitization in maintenance. Sustainability initiati..

Next Story
Infrastructure Transport

Danapur Division Modernization Plans Revealed

The Railway Board has unveiled ambitious plans for the expansion and modernization of the Danapur Division, a critical hub under the East Central Railway. The initiative focuses on infrastructure development, enhanced passenger amenities, and operational efficiency. Key Highlights: Scope of Modernization: The Railway Board's blueprint emphasizes: Upgrading existing infrastructure to accommodate more passenger and freight traffic. Improving station facilities, such as platforms, waiting areas, and connectivity. Introducing advanced signal systems for safer and smoother operations. Freig..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000