Four Defence Joint
Ventures With Russia
The details & present status of Joint Venture
proposals between Indian Defence Public Sector Undertakings (DPSUs)/Ordnance
Factory Board (OFB)/Defence Research & Development Organisation (DRDO) and
Russia are
Multi-role Transport Aircraft Ltd (MTAL): The Joint
Venture company MTAL was incorporated on 1st December, 2010 with the
participation of Hindustan Aeronautics Ltd (HAL), India and United Aircraft
Corporation-Transport Aircraft & Rosoboronexport Russia, with both holding
50% share each. General contract and preliminary design phase contract have
been signed in May 2012 and October 2012, respectively.
Indo Russian
Aviation Limited (IRAL): The Joint Venture company IRAL was incorporated in
September 1994 with participation of HAL (48%), ICICI Bank (5%) and Russian
partners (RAC MIG, RYAZAN, AVIAZAPCHAST) (47%).
Joint Venture for
SMERCH Ammunition: Memorandum
of Understanding (MoU) on joint venture to include Transfer of Technology (ToT)
for co-production of SMERCH ammunition has been signed between Ordnance Factory
Board (OFB), M/s JSC Rosoboronexport and M/s SPLAV SPA Russia on 27th August
2012.
BrahMos Aerospace: The joint venture company was formed between DRDO
India and NPO Mashinostroyenia (NPOM) Russia under Inter governmental agreement
in February 1998 for joint design, development, production and marketing of
supersonic cruise missiles for armed forces of both the countries and export to
mutually agreed third friendly countries. The missile has been jointly
developed and is under serial production in India and Russia.
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