Russia and India are in talks on creating new models of missiles at the BrahMos Aerospace joint enterprise, Russian Presidential Aide for Military-Technical Cooperation Vladimir Kozhin said Thursday.

Axar.az reports that India has set a target of $2 billion defense exports, a six-fold increase from current exports, by 2019. In order to give impetus to exports, the Narendra Modi government has allowed government-owned defense companies to earmark 10 per cent of their production for exports. "The biggest challenge in boosting defense exports from India is the limited range of exportable products, limited overseas markets and predominance of defense manufacturers who have been in the business far longer than India," Cowshish added.

"Today, Indian partners propose to develop, deepen this cooperation, make new models of the missile, these talks are underway," Kozhin said in an interview with Rossiya 24 television channel.

A hypersonic version of the BrahMos cruise missile, capable of flying at up to 5,000 kilometers per hour, is expected to be created by 2020.