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Indonesia Initiates $450 mn BrahMos Missile Export Deal
The New Indian Express Bengaluru
|January 11, 2025
IN all probability, India is heading for another major defence export deal.
According to sources privy to the matter, Indonesia's defence ministry has sent a letter regarding a $450 million BrahMos deal to the Indian embassy in Jakarta.
Highly placed sources confirmed that India is also offering a loan to Indonesia from either the State Bank of India or any other Indian national banks. The specifics regarding this are being worked out.
As per the sources, the EXIM (Export-Import) Bank was initially scheduled to process the loan to Indonesia. However, this did not materialise.
This story is from the January 11, 2025 edition of The New Indian Express Bengaluru.
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