Joint Venture 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 as below: 

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. 

This information was given by Minister of State for Defence Shri Jitendra Singh in a written reply to Shri Ponnam Prabhakar And Shri Dhruva Narayana in Lok Sabha today.