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.
Indias Adani Enterprises and Israeli Elbit Systems have formed a joint venture to manufacture unmanned aerial vehicles (UAVs) in India. According to the company, the new JV -- Adani-Elbit Systems India was incorporated on November 7 and will operate in the aerospace and defence manufacturing sector, Business Standard reported Tuesday
Indian Reliance Group and Dassault Aviation have announced a joint venture (JV) to execute $3.3 billion worth offset contract as part of the Rafale fighter jet deal
Indias Reliance Infrastructure company will soon sign a contract to build fast patrol vessels for the Indian Coast Guard, its chairman, Anil Ambani disclosed at the companys annual general meeting in Mumbai on Tuesday. "The company's focus areas would be defence and metro systems," Ambani said
Indias Reliance Defense as received 16 new industrial licences for the manufacture of defense equipment that include armored vehicles, electronic warfare systems, missiles and unmanned aerial vehicles. The equipment will be manufactured at Pithampur SEZ in Madhya Pradesh and MIHAN SEZ near Nagpur
Russias Rosoboronexport has pulled out from a tender of Indias Interior Ministry to purchase over 20,000 automatic rifles, as the specifications are of ‘outdated Kalashnikov weapons produced in Bulgaria. A source in the Russian Military and Technical Cooperation was quoted as saying by
Reliance Defence and Engineering Limited (RDEL) today launched the first two Naval Offshore Patrol Vessels (NOPVs) for the Indian Navy at its shipyard in Pipavav, Gujarat. The ships are part of a five ship project being constructed for the Indian Navy
Reliance Infrastructure (RInfra)-promoted Reliance Aerostructure and Dassault Aviation have formed Joint Venture known as 'Dassault Reliance Aerospace Limited'. Eric Trappier, Chairman of Dassault Aviation France, will be the Chairman, and Anil D Ambani, Chairman of Reliance Group, will be the Co-Chairman of Dassault Reliance Aerospace Limited DRAL
Reliance has signed an agreement with the American Navy for repair and alteration services for warships of the largest forward-deployed Seventh Fleet operating in the Western Pacific and Indian Ocean. The Seventh Fleet has roughly about 5070 ships and submarines, 140 aircraft and about 20,000 sailors under its command, Tribune India reported today
Reliance Defence and Engineering (RDEL) has signed Rs 916 crore contract with Defence Ministry for design and construction of 14 fast patrol vessels for Indian Coast Guard. RDEL emerged winner through a competitive bidding process undertaken by Ministry of Defence with participation from almost all the private sector and public sector shipyards namely, L&T, Cochin Shipyard Ltd, Goa Shipyard Ltd, Garden Reach Shipbuilders & Engineers Ltd (GRSE), the company said in a statement Monday
Fair trade regulator, Competition Commission (CCI) today approved the proposed joint venture between Indian Reliance Aerostructure and French Dassault Aviation. The proposed combination relates to the setting up of a joint venture between Reliance Aero and Dassault -- Dassault Reliance Aerospace Limited, in which Reliance Aero would hold 51 per cent shares, with the remaining 49 per cent to be held by Dassault
Navantia Out; Naval Group, Saab and TKMS in $3B Dutch Walrus Replacement...
With No Foreign Patents, 500 Russian Arms Copied Abroad
Wind Tunnel Tests of Sino-Russian CRAIC CR929 Mockup Complete
AM General To Modernize Jordanian Fleet of 200 Humvee Vehicles
Germany To Finalise Order for 38 Eurofighter Jets, 110 E-Scan Radars
Turkish Navy to get First Indigenous Aircraft Carrier in 2020
Bechtel Bags US Navy's $1.4Bn Naval Nuclear Propulsion Components Contract
Su-57 Performs 16 Flights with New, Powerful Engine
Several joint production and direct procurement programs could be halted if the US and Europe carry through with their threat...
Sanctions-hit Iran has found ingenious ways to develop military hardware
Artificial Intelligence (AI) is rapidly permeating the defence industry to aid and improve human decision-making
Upgrade of Russias Sukhoi Su-30SM fighters to equip them with armaments, radar, sensors and engines from the more powerful Su-35...
US companies sanctioned by China for supplying weapons to Taiwan may be denied rare earth elements (REEs), which have critical...
While the US F-35 stealth aircraft has become one the fastest selling fighter jets in the world aircraft market, thanks...