"Talks are continuing, the Indian side is considering an appropriate form of cooperation, whether it will be a joint venture or co-production. It is still in the negotiating state," Techmash Group Deputy CEO Dmitry Rytenkov told RIA Novosti at the international Russia Arms Expo RAE-2015 in Nizhny Tagil, Russia.
India has dozens of Smerch rocket launchers in service. In August 2012, Russia’s arms exports agency Rosoboronexport signed a memorandum of cooperation with the Indian Defense Ministry to build Smerch ammo production and maintenance facilities on the Indian territory.
The two countries have been cooperating on several military production projects, including a fifth-generation fighter jet.