Kalyani Group, Israel Aerospace sign pact for defence JV in India

By: |
Pune | Published: February 16, 2017 7:52:42 AM

Kalyani Strategic Systems (KSSL), the defence arm of Kalyani Group and Israel Aerospace Industries (IAI) signed an MoU to incorporate a JV company in India. As part of the MoU, IAI and KSSL are aiming to expand their presence in the Indian defence market and to build, market and manufacture specific air defence systems and ground-to-ground as well as ground-to-sea munitions.

Kalyani Strategic Systems (KSSL), the defence arm of Kalyani Group and Israel Aerospace Industries (IAI) signed an MoU to incorporate a JV company in India. As part of the MoU, IAI and KSSL are aiming to expand their presence in the Indian defence market and to build, market and manufacture specific air defence systems and ground-to-ground as well as ground-to-sea munitions.

The MoU was signed in Bengaluru at the Aero India exhibition by Joseph Weiss, IAI’s president & CEO and Baba Kalyani, chairman, Kalyani Group. The MoU is the first step in a process to establish a JV company between the two companies. The JV will integrate strategic state-of-the-art defence systems for the Indian MOD in accordance with the Indian government’s ‘Make in India’ policy, a statement from KSSL said.

“The JV company will combine IAI’s advanced technology, knowledge and experience as an OEM with the worldclass design, development and manufacturing capabilities of the Kalyani Group. The joint venture will provide indigenously-manufactured solutions in niche technology areas of the defence sector, he said. Weiss, IAI’s president and CEO, said with this partnership with KSSL, they were looking at spreading their footprint in India. IAI’s missiles and space group has long relations in the Indian defence forces and industries and this is the next step in exploring new opportunities.

Rajinder Singh Bhatia, president & CEO, defence & aerospace, Kalyani Group, said Kalyani Group’s manufacturing competence was well suited to complement IAI’s products in niche segments and together they would provide advanced solutions to the country’s armed forces.

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