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India to supply modern missiles to global markets

By siliconindia Bangalore Bureau | Tuesday, 11 February 2003, 00:00 Hrs

NEW DELHI: Europe's MBDL & India's BDL sign up strategic technological MoU to develop & manufacture missiles systems for international markets.

Estabilishing a key milestone in the history of Indian defence capabilities, MBDA - part of Europe's largest aerospace company EADS (European Aeronautics Defence and Space company) has signed a strategic Memorandum of Understanding (MoU) with India's Bharat Dynamics Limited (BDL) to jointly develop & manufacture state-of-the-art missile systems for Indian and international markets. The MoU, which marked the conclusion of Aero India 2003, will extend co-operation in manufacturing and strengthen the
development of all varieties of missile systems including anti-tank, surface-to-air and air-to-air missiles required both by the Indian Armed Forces and those abroad.

The MoU was signed in the presence of the Prime Minister of France, Jean-Pierre Raffarin, and O. Rajagopal, Raksha Utpadan Rajya Mantri and N.S. Sisodia, Secretary ( DP &S), Ministry of Defence, Government of India.

Reflecting at the potential India has in providing advanced defense technology to the world, Marwan Lahoud - CEO, EADS, the parent company of MBDL said, "For the first time MBDA is engaging in a strategic
co-operation of this level with a company and a country outside western Europe"

CEO & Managing Director of Bharat Dynamics Maj. Gen P. Mohandas VSM (Retd) added, "Such partnerships will allow BDL to expand its activities in R&D as well as in manufacturing. This partnership will address the export market with the support of a strong European partner"

The MoU signifies an important step towards making India a major manufacturer of state-of-the art systems and permits Bharat Dynamics Limited to offer cutting edge defense technological solutions to other countries & potential markets - besides taking the nation towards self-dependency in missile solutions.

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