BrahMos Aerospace CEO and Managing Director Sudhir Mishra said like the supersonic missiles project, there should have been joint ventures between India and Russia in more sectors.

He said the joint venture was formed at a time when Russia was undergoing financial turmoil and India should have "encashed" it by having more collaborations.

Formed in 1998, BrahMos is a joint venture between India's Defence Research and Development Organisation and Russia's NPO Mashinostroyeniya. The supersonic cruise missiles can be fitted on all the three platforms — land, air and ships and submarines.