India’s Kalyani group that manufactures defence products in venture with Israel’s 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.
Speaking to CNBC-TV18, Kalyani expressed his optimism on outlook for FY18 in absence of major disruption in world economy, political as well as financial system.
"The country's manufacturing sector is likely to do well on the back of major outlay in defense, railways, infrastructure or mining," Kalyani added.
Last month, Kalyani Group has won $4.5 billion contract with Tata Power SED to jointly co-develop Advanced Towed Artillery Gun System (ATAGS) with India's state-owned Defence Research and Development Organization (DRDO).
Similarly during March last year, Tata Motors had signed a strategic agreement with Bharat Forge, part of Kalyani group, and General Dynamics for Indian Army’s Future Infantry Combat Vehicle (FICV) program.
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
Kalyani Group has entered into a joint venture (JV) with Israels Rafael Advanced Defense Systems on Thursday to develop and manufacture a wide range of missiles, remote weapon systems and advanced armour solutions. N JV
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
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