IAI ex­pands JV with Kalyani Group

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

Ex­ec­u­tives from Is­rael Aero­space In­dus­tries (IAI) and Kalyani Strate­gic Sys­tems Ltd. (KSSL), sub­sidiary of Bharat Forge Lim­ited, have signed a Me­moran­dum of Un­der­stand­ing (MOU) ad­dressed to ex­pand the Joint Ven­ture that the com­pa­nies are es­tab­lish­ing. The new MOU cov­ers the es­tab­lish­ment of a main­te­nance cen­tre for se­lected ad­vanced air de­fence sys­tems in Hy­der­abad. The two com­pa­nies have also agreed on ex­pand­ing their joint op­er­a­tions for de­vel­op­ment, man­u­fac­tur­ing and mar­ket­ing of pre­cise am­mu­ni­tion sys­tems. In Fe­bru­ary 2017, IAI had signed an MOU with Kalyani Strate­gic Sys­tems Ltd. (KSSL) for es­tab­lish­ing a joint ven­ture that will de­velop, build, mar­ket and man­u­fac­ture se­lected air de­fence sys­tems and light weight special pur­pose mu­ni­tions, in ac­cor­dance with the Indian Gov­ern­ment’s ‘Make in In­dia’ pol­icy.

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