Boost to Defence! India's 1st private missile production firm launched
 Source : NewsBharati  Date : 04-Aug-2017

New Delhi, August 4: India has launched its first private sector missile sub-systems manufacturing firm in Hyderabad on Thursday. This is a joint venture between the $2.5 billion Kalyani Group and Israel’s Rafael Advanced Defence Systems Ltd.

The firm will manufacture anti-tank guided missile (ATGM) systems and the production is expected to begin within a few weeks. The new entity will undertake the production and assembly of Spike anti-tank guided missiles and its related technologies.

 

Retired Maj. Gen. Yoav Har-Even, the president and CEO of Rafael said that the establishment of this facility is a sign of our commitment to ‘walk the talk’ in terms of partnering with Indian industry towards indigenous manufacture.”

The joint venture firm is also establishing a robust supply chain in India to undertake spares and other parts requirements of missiles to be manufactured in the country, he added.

India’s Ministry of Defence is expected to award a $1 billion contact to Rafael for the procurement of 321 ATGM launchers, 8,356 Spike missiles, 15 training simulators and associated accessories for the Indian Army.

Kalyani Group is the main offset partner for Spike missiles in regard to the production of components and subassemblies for the anti-tank guided missile.

This program also has an option to build another 1,500 launcher systems and about 30,000 additional missiles in the future, one MoD official said.

Kalyani Group has also set up dedicated manufacturing facilities for artillery guns, armored vehicles, protected vehicles and ammunition at various locations in India.