India's Reliance Defence To Manufacture Kalashnikov weapons In JV With Israeli Firm

  • Our Bureau
  • 10:34 AM, November 15, 2016
  • 8675
India's Reliance Defence To Manufacture Kalashnikov weapons In JV With Israeli Firm
-India's Reliance Defence To Manufacture Kalashnikov weapons In JV With Israeli Firm

Reliance Defence and Engineering has considered to joint venture with Kalashnikov Israel for manufacturing Kalashnikov class of weapons for Indian armed forces.

Kalashnikov Israel, a subsidiary of the CAA Company of Israel, has agreed to jointly make Kalashnikov and other small arms with Reliance Defence. The manufacturing facility could come up at the Pipavav shipyard in Gujrat state of India, BusinessLine reported Monday.

Reliance Defence will hold 51 per cent stake in the joint venture, while the rest of the stake will be held by Kalashnikov Israel. The tie-up could be formalised during the ongoing visit of Israeli President Reuven Rivlin, Industry sources said.

The small arms requirement from the three armed forces, paramilitary forces, and states police is in the range of about two million units over the next 10 years. With such a large requirement of the weapons, the potential market size is about 6,000 crore rupees (US$886.2 million).

It is expected that more than 80 per cent of the weapon requirement for the forces will be assault rifles and carbines, whereas the balance will be for pistols and other weapons.

India had notified Small Arms Act 2016 in July. As per the new rules, a licensing committee within the Ministry of Human Affairs (MHA) has to approve the grant of Licence for Small Arms and Ammunition to the Private Sector Companies.

However, the licensing process could take over six months for Reliance Defence, sources said.

The Kalashnikovs and other guns would be made under the Indigenously Designed Developed and Manufactured (IDDM) category introduced in Defence Procurement Policy 2016. Attempts would be made by Reliance Defence to indigenise the manufacturing process to over 60 per cent, which will also meet the Make in India and Skill India programmes, the official added.

The share of AK 47 rifle and its variants are almost 20 per cent of the estimated 500 million firearms available worldwide, the official added.

There are possibilities that both the companies could possibly collaborate on upgrading and refurbishment of old weapons such as 30 Springfield rifles, which are still being held in large quantity by Central and State Police forces, sources added.

Also Read

Indo-Israeli Joint Venture To Manufacture Drones In India

November 9, 2016 @ 01:17 PM

Indian Reliance, French Dassault JV To Execute $3.3 Billion Rafale Offsets Contract

October 3, 2016 @ 11:36 AM

Reliance Infra To Build Fast Patrol Vessels For Indian Coast Guard

September 28, 2016 @ 02:00 PM

Reliance Defense Eyeing Indian Defense Market Worth $100 Bn, Receives 16 New

May 6, 2016 @ 09:46 AM

Rosoboronexport Pulls Out from Indian Assault Rifle Tender Citing ‘Outdated’ Specifications

October 17, 2017 @ 07:41 AM

Reliance Defence Launches First Two Offshore Patrol Vessels For Indian Navy

July 25, 2017 @ 07:20 PM

Reliance Group, Dassault Aviation Form JV For Rafale Offsets

February 16, 2017 @ 10:18 AM

Reliance Defence To Repair US Navy Warships

February 13, 2017 @ 11:40 AM

Reliance Wins $134 Million To Design, Construct 14 Patrol Vessels For Indian

January 30, 2017 @ 02:05 PM

Indian Regulator Approves Reliance-Dassault Joint Venture

January 28, 2017 @ 08:51 AM
FEATURES/INTERVIEWS