Punj Lloyd and IWI in JV

Vayu Aerospace and Defence - - Aviation & Defence In India -

On 4 May 2017, Punj Lloyd and its JV Part­ner, Is­rael Weapon In­dus­tries (IWI), in­au­gu­rated the coun­try’s first Pri­vate Sec­tor Small Arms Man­u­fac­tur­ing Plant at Malan­pur in Mad­hya Pradesh. The joint ven­ture com­pany, Punj Lloyd Rak­sha Sys­tems (PLR) will be man­u­fac­tur­ing small arms for the In­dian De­fence Forces and also for ex­port. Present on the oc­ca­sion, Michel Ben-Baruch, Head of SIBAT, Is­rael Min­istry of De­fence said, “Is­rael’s Min­istry of De­fence fully and whole­heart­edly sup­ports this co­op­er­a­tion and will con­tinue to sup­port the trans­fer of tech­nol­ogy and in­for­ma­tion also in the fu­ture, for the bet­ter­ment of im­proved ad­vanced tools.”

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