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As part of India’s PM Narendra Modi visit to Israel this week, executives from Israel Aerospace Industries (IAI) and Kalyani Strategic Systems (KSSL), the defense arm of a Kalyani Group, 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 center for selected advanced air defense systems in Hyderabad in the state of Telengana in India.
The two companies have also agreed on expanding their joint operations to development, manufacturing and marketing of precise ammunition systems.
In February 2017, IAI has inked an MOU with Kalyani Group on establishing a joint venture that will develop, build, market and manufacture selected Air Defense Systems and lightweight special purpose munitions, in accordance with the Indian Government’s ‘Make in India’ policy.
IAI has also entered an agreement with Wipro Enterprises (P) Limited to collaborate in the manufacturing of composite aero structures in India including establishing a facility for this purpose.
The agreement has been signed during India Prime Minister’s visit to Israel. Among others, the agreement stipulates that IAI will transfer technology and assist Wipro in building a plant for manufacturing and assembly of aero structures for the civilian aerospace sector. The agreement forms the foundation for broader future collaboration between the two companies in India and is expected to support IAI’s leadership in this arena while supporting the implementation of future projects.
The agreement cements the close relationship between IAI and the Indian industry, which started 25 years ago and is naturally developing now into aerospace field. To date, the collaboration found its expression in ongoing support by IAI to local companies in India. The establishment of a composite aero structure manufacturing plant will allow India to act on its decision to expand its activity in the aerospace market and offer a range of aerospace structures, according to the company announcement.