Israel Weapon Industries (IWI) has entered into a JV with India’s Punj Lloyd to manufacture Tavor 21 and Galil assault rifles under technology transfer arrangement.
“We have established a plant to manufacture assault rifles, carbines, light machine guns and snipers in our plant.” Ashok Wadhawan, President of Manufacturing Business (Defense and Aerospace) at Punj Lloyd was quoted as saying by Sputnik News today.
This is in line with the Indian government’s efforts to persuade foreign arms manufacturers to share technology and make the products under the ‘Make in India’ program.
Punj Lloyd has inaugurated a plant in central India with the help of IWI. The production of small arms will begin here this year.
Punj Lloyd will manufacture 5.56x45mm Tavor assault rifles that can fire up to 950 rounds per minute, and X-95 short weapon with a long barrel, three-caliber weapon having 360° Picatinny rail.
Apart from assault rifles, the joint venture will also manufacture semi-automatic Negev (5.56X45mm and 7.62X51mm) assault light machine gun and 7.62x51mm semi-automatic Galil sniper rifles. The Galil sniper fires up to 1,000 meters, targeting small, mobile or concealed objectives.
Punj Lloyd has set its eye on the Indian Army's plan to purchase 185,000 assault rifles with telescopic sights in future. However, the company expects the joint venture to make it big in all the procurement plans of armed forces related to small arms.
"It is basically for Make in India program. Right now we are not targeting just one product line here. All the small arms products, which are needed for the armed forces, we would manufacture," Wadhawan added.
Punj Lloyd has invested approximately $52 million in defense manufacturing and has invested $4 million for this particular business.
"The investment amount would keep increasing depending on the order size which we keep getting," he said.
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