Israeli defence companies, IAI, Elbit and Rafael, are eyeing joint ventures with Indian companies for manufacturing UAVs, missiles, radars and other defence equipment.
“India is a key market and several projects are lined up under the Make in India initiative,” representatives from frontline Israeli defence companies said during a Indo-Israeli industry meeting organized by the Federation of Indian Chambers of Commerce and Industry (FICCI) in Delhi yesterday.
However, the major constraints are restrictions on foreign direct investments and stringent offsets policy, the representatives added.
"We want to establish JVs. We are not sure if it will involve equity but we are in the process of locating partners in the areas of UAVs, missile systems and loitering weapons and radars and communication," Joseph Betsalel, vice-president at IAI, said.
Moreover, lack of manufacturing expertise, quality standards, operational performance and risk management in Indian entities hampers the partnership expansion. "There is challenge of local content. There are no Indian made electronics, sensors, airborne quality metals, high quality castings. So it will only be 50 per cent Make in India," said Uzi Melamed, industrial cooperation director of Rafael.
Israeli companies are also expecting a series of changes in Indian procurement rules, like the inclusion of services and maintenance of systems as valid offsets, to improve ease of business.
"In the coming years maintenance will be a major area and we hope the defence procurement policy will allow maintenance for offsets," Betsalel of IAI added.
The Switzerland parliament has approved to acquire six Israeli surveillance drones, worth $256 million. The Council of States approved the purchase Monday by 30 votes against 12, whereas a left-wing minority argued in particular on human rights issues but failed to block the acquisition, the department of defense announced today
The Israeli Navy on Wednesday has unveiled its new missile defense system ‘Iron Dome of the Sea in a defense exercise. The defensive exercise was conducted, focusing on Israel navy's Shayetet 13 unit expelling terrorists, who had captured the Yam Tethys gas field off the coast of the southern Israeli port
Israels Elbit Systems has won a Ministry of Public Security and Police force contract, worth US$115 million, to supply leasing and maintenance services for the Israeli Police Forces aircraft. The contract will be performed over a twenty-year period
Indias Bharat Electronics (BEL) will showcase its indigenisation efforts at the ‘Make in India Week to be held from February 13-18, 2016, at the MMRDA Grounds, Bandra-Kurla Complex, Mumbai. BEL will showcase ‘Akash surface-to-air missile system, Weapon Location Radar (WLR), Ground Penetrating Radar (GPR), Through Wall Radar (TWR), Hull Mounted Sonar (HUMSA), Software Defined Radio (SDR Manpack), 40 mm L-70 anti-aircraft guns and other products indigenously designed and developed either by BEL or in collaboration with Defense Research Development Organization (DRDO) at the Defense Pavillion, BEL said in a statement Wednesday
India is commissioning five air strips next month to counter Chinas aggressive infrastructure expansion on its eastern front. The advanced landing grounds, capable of landing all types of transport and military aircraft, are developed in Arunachal Pradesh, various media reported today
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