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Monday, January 05, 2015

France hopeful of $6-billion Maitri missile project

Akash SAMWith the Indo-French $6 billion surface-to-air missile systems project in doldrums, France is hoping that new government's push for "Make in India" will lead to inking of the long delayed deal.

France remains hopeful of signing the deal even though Indian armed forces are sceptical about the missile since indigenously developed Akash is in play.

Titled Maitri, the project for joint development and production between India's Defence Research and Development Organisation (DRDO) and France's MBDA, was initiated in 2007 and a MoU to co-develop the surface-to-air missile (SRSAM) was signed during French President Francois Hollande's visit to India in February last year.

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