| MoU for a Joint Venture for Indigenous Production of Smerch Rockets with Russia |
| Ordnance Factory Board signed a Memorandum of Understanding for a Joint Venture with M/s Rosoboronexport, Russia and M/s Splav “SPA”, Russia to manufacture five versions of Smerch Rockets based on the technology received from Russia. The Smerch Rockets are technologically superior having a range of 70-80- kms. With formation of this Joint Venture, a new Chapter in the Indo-Russian Friendship will commence. A Memorandum of Understanding duly approved by Hon’ble Raksha Mantri has been signed by three parties yesterday in New Delhi. After indigenizing the technology of Smerch Rockets, OFB will attain new heights in manufacturing of advanced Rocket system. |
Tuesday, August 28, 2012
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