India’s First Private Missile Production Facility Unveiled
August 7th, 2017
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. The Kalyani Rafael Advanced Systems (KRAS) plant will make anti-tank guided missile (ATGM) Spike. Besides supplying to the Indian Army, the plan is to export to South East Asian countries. 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.