The anti-ship version of the BrahMos missile, jointly developed by India and Russia, will be inducted in Indian warships from 2005, parliament was informed Thursday.
Defence Minister Pranab Mukherjee said some countries had shown an "interest in BrahMos, since a supersonic cruise missile is not available with any other country".
Eight tests of the anti-ship version of BrahMos had been conducted successfully. "Production is in progress for induction in the Indian Navy from 2005 onwards for many ship platforms," he said in a written reply to a question in Lok Sabha.
"The authorised capital of the joint venture for development (of BrahMos) was $250 million. An inter-government agreement has been signed between India and Russia," he said.
"The missile development is a joint effort from design to production and marketing to Indian and Russian armed forces and to mutually agreed friendly countries."
India Tuesday successfully tested the land version of BrahMos for the first time at a range in Rajasthan.
The missile, which derives its name from the Brahmaputra and Moskva rivers in both countries, has a range of nearly 300 km. It carries a conventional warhead of 300 kg and can achieve speeds of up to 2.8 Mach or nearly three times the speed of sound.