SOURCE: RAUNAK KUNDE / NEWS BEAT / IDRW.ORG
India is on the brink of securing another significant defense export deal, this time with Indonesia for the BrahMos supersonic cruise missiles. According to sources close to the development, Indonesia’s Ministry of Defense has dispatched a formal letter to the Indian Embassy in Jakarta, indicating their interest in a $450 million deal for the BrahMos missiles.
The proposed transaction not only highlights India’s growing stature in the global defense market but also underscores the strategic partnership between India and Indonesia. To facilitate this deal, India is mulling over providing financial assistance. Sources have revealed that discussions are underway to extend a loan to Indonesia, possibly through the State Bank of India or another national bank.
Originally, the plan was to route the loan through the EXIM (Export-Import) Bank of India, known for supporting Indian exports through financial and credit facilities. However, that approach did not proceed as planned, leading to alternative financing options being explored.
This potential deal comes at a time when India has been actively promoting its defense exports, with the BrahMos missile system, a joint venture between India and Russia, being one of its flagship products. The BrahMos has already seen export success, notably with the Philippines, marking India’s entry into the international arms market as a supplier of advanced weaponry.
The deal with Indonesia is particularly significant due to the geopolitical dynamics in Southeast Asia, where nations are keen to bolster their defense capabilities amid regional tensions, especially concerning maritime disputes. The BrahMos, known for its speed, precision, and versatility, could serve as a strategic asset for Indonesia, enhancing its naval and coastal defense capabilities.
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