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France, India joint missile project

France has asked India to soon conclude the long-pending project for joint production of short-range surface-to-air missile (SR-SAM) systems. The worth of the deal is expected to be Rs 30,000-crore. Under the deal, India’s DRDO is to form joint venture with a French multinational firm for the programme. The missile programme would help in meeting India's domestic market and can also be supplied to future export markets.

http://articles.economictimes.indiatimes.com/2014-09-21/news/54161085_1_missile-programme-joint-production-sr-sam

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