India’s first private sector missile sub-systems manufacturing facility, a joint venture between the $2.5 billion Kalyani Group and Israel’s Rafael Advanced Defence Systems Ltd., was inaugurated near Hyderabad
To begin with, the Kalyani Rafael Advanced Systems (KRAS) plant will make anti-tank guided missile (ATGM) Spike and the production is expected to begin in a few weeks
Formed in line with the ‘Make in India’ initiative of the Centre and the policy to encourage private sector participation in defence production, the 51:49 joint venture will develop a wide range of advanced capabilities.
These include command control and guidance, electro-optics, remote weapon systems, precision-guided munitions and system engineering for system integration. The plant would employ more than 300 engineers and provide indirect employment to 1,000 people.
KRAS, which aims to be a one-stop solution provider to locally re-design, develop, re-engineer and manufacture various land and airborne products and systems in India, has plans for expansion