Kalyani Strategic Systems Limited (KSSL), the defence arm of Kalyani Group, and Israel Aerospace Industries, Limited (IAI) signed a memorandum of understanding (MoU) to set up a joint venture company to manufacture specific air defence systems and groundto-ground and ground-to-sea munitions, in accordance with ‘Make in India’ programme.
The MoU was signed by Joseph Weiss, IAI’s President and CEO, and Baba Kalyani, Chairman of Kalyani Group.Baba Kalyani said: “The joint venture company will combine IAI’s advanced technology, knowledge and experience as an OEM with world-class design, development and manufacturing capabilities of the Kalyani Group.”
Joseph Weiss said: “We are excited to announce the next step in our partnership in India, one of IAI’s leading markets. This collaboration brings together the manufacturing and technology excellence of two leading companies and we hope we can continue with our partners at KSSL to spread our footprint in India and to continue our vast work with the ‘Make in India’ policy.” Rajinder Singh Bhatia, President & CEO, Defence & Aerospace of Kalyani Group, said: “Kalyani Group’s manufacturing competence is well suited to complement IAI’s products in niche segments. Together, we shall provide the most advanced solutions to our armed forces.”