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 Urban

Wipro Extends Digital Services Pact With Metro AG

Wipro Limited, a leading AI-driven technology services and consulting firm, has announced a two-year extension of its partnership with Metro AG, a global food wholesaler. The renewed agreement will see Wipro continue delivering integrated digital services, including cloud, data management, application development, and AI-enabled IT support.Since the partnership began in 2021, Wipro has acted as Metro’s strategic IT partner, implementing a comprehensive change management programme that transformed Metro’s entire IT infrastructure. As part of this collaboration, Wipro aligned with Metro’s ..

Next Story
Infrastructure Urban

Veranda Launches Restructuring Under ‘Veranda 2.0’ Vision

Veranda Learning Solutions has unveiled a major strategic restructuring initiative under its ‘Veranda 2.0’ vision, designed to unlock long-term value, enable focused growth, and sharpen operational agility in India's rapidly evolving education sector. This move follows significant growth achieved through both organic and inorganic routes in recent years.The restructuring will involve a detailed analysis of synergies between Veranda’s four key verticals—academic, commerce, government test preparation, and vocational training. This process may lead to a potential merger or demerger of bu..

Next Story
Infrastructure Urban

Bluspring Lists on NSE and BSE After Strategic Demerger

Bluspring Enterprises Limited commenced trading today on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), marking a key milestone as it becomes an independently traded entity. The occasion was formally celebrated with the traditional ringing of the opening bell by Kamal Pal Hoda, CEO of Bluspring.The listing follows the successful execution of a three-way demerger from Quess Corp Limited, executed under a court-approved Scheme of Arrangement earlier this year. As an independent organisation, Bluspring now embarks on its mission to become India’s leading provider of..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?