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India, Russia sign agreement for producing Smerch rockets - The Economic Times
Good news, now the cost of procurement will definitely come down for the IA.India and Russia have signed an agreement for producing the 80 km-range Smerch rockets at ordnance factories here.
"Ordnance Factory Board (OFB) signed an MoU for a joint venture with Russian Rosoboronexport and Splav 'Spa' to manufacture five versions of Smerch rockets based on the transfer of technology from Russia," the Defence Ministry said in a release here.
More than two regiments of the Smerch rockets have been in service in the Army after their induction about six years ago.
"Smerch rockets are technologically superior having a range of 70-80 kms. After indigenizing the technology of Smerch rockets, OFB will attain new heights in manufacturing of advanced rocket system," the Ministry said.
It said the MoU approved by Defence Minister A K Antony was signed by the three sides yesterday.