The two countries have agreed to set up a joint venture in India for manufacturing and post-sales servicing of these rockets in India, RIA Novosti reported quoting state run Rosoboronexport.
The agency said that an agreement to this effect was signed on August 27.
"Complete rocket production technology will be transferred to the joint venture," it said.
The Smerch MLRS rockets have a range of 70 to 90 km with a variety of warheads.