Kalyani Group has entered into a joint venture (JV) with Israel’s Rafael Advanced Defense Systems on Thursday to develop and manufacture a wide range of missiles, remote weapon systems and advanced armour solutions.
N JV. Kalyani Group Chairman and Managing Director Baba Kalyani was quoted as saying by Business Standards that the investment would be substantial in the JV, which would be executed through Kalyani Strategic Systems Ltd.
“For the past one year, we were in talks with Rafael to explore a joint venture opportunity. Now, we have entered into an agreement with them. It is absolutely essential for us to have a tie-up with a foreign partner, as they bring technology and expertise,” he said in the report on Friday.
“This is one of the first major joint ventures to be formed in the defence sector after the government hiked the cap on foreign direct investment in the defence sector to 49 per cent. It is also in line with the government’s ‘Make in India’ policy to indigenise development and production of defence equipment,” Kalyani added.
The Rafael-Kalyani JV will explore orders from the Indian defence forces and might look at exports at a later stage. On the products side, the integration of missile systems will be done by Bharat Dynamics Ltd (BDL), a listed defence company based in Hyderabad. “We are looking at land near Hyderabad to set up a manufacturing facility and we wish to put in place a new factory within a year,” Baba Kalyani told Business Standard.
Rafael will provide the JV technology to manufacture Spike missiles for the Indian armed forces, for which the government is slated to float a tender soon. “The JV will also manufacture weapons systems and advanced armour solutions for Indian, as well as global customers of Rafael,” Kalyani said.
The group would broadly focus on four new areas — artillery weapons, anti-tank missiles, armoured vehicles and aerospace components, he added.
Saab and Kalyani Group are teaming up for Indian Army air defence projects, including the VSHORAD and SRSAM requirements. The teaming combines Saabs many decades as a leading developer and supplier of proven high-technology radar and missile systems, with the rich engineering and manufacturing capabilities of Kalyani
Indias Kalyani group that manufactures defence products in venture with Israels Rafael, has considered commencing operations of Hyderabad plant in March-April. “The company will also be showcasing jet engines at the upcoming Aero India 2017,” said Chairman Baba Kalyani
Saab, Kalyani Strategic Systems Ltd (KSSL) have announced plans to set up a joint venture to bid for Indias SRSAM and VSHORAD Air Defence Programmes. The joint venture will handle the main part of production and delivery of these air defence systems to the Indian customer
Bharat Forge subsidary, Kalyani Strategic Systems has entered into a joint venture with Israels Rafael Advanced Defense Systems to bid for defence programmes in India, including infantry combat vehicle BMP II upgrade. The joint venture company Kalyani Rafael Advanced Systems will look to address programmes in relation to BMP II upgrade, tactical control systems, other advanced systems and other such programmes floated or to be floated by the Ministry of Defence, Bharat Forge said in a BSE filing Wednesday
Indian Microwave products manufacturer, Astra will form a joint venture with Isreals Rafael defense systems for production and supply of tactical radio communication, electronic warfare and signal intelligence systems. The venture will commence with an investment of $20 million (INR 133 crore) in the first two years
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