Connect with us

Hi, what are you looking for?

Jewish Business News

Business

Israeli Weapons To Be Manufactured In India

Israel Military Industries (IMI)

 

Indian Punj Lloyd and Israel Weapon Industries have signed an joint venture to manufacture components of guns in India to be later exported to Israel under the first phase, Defense World reports. The joint venture will manufacture full guns in India for supplying to the security forces in the second phase, Indian Express news daily reports.

IWI has already supplied guns such as TAVOR assault rifles and UZI SMG to security forces in India and also has other major programs in which its small arms are undergoing trials.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.

The JV will be key in enabling India to pass a higher technological threshold through the adoption of advanced Israeli defence technologies. “We are confident that with technology transfer from IWI, Punj Lloyd is positioned to manufacture the complete range of IWI products from pistols to light machine guns and specialist weapons like sniper rifles, in addition to providing service to the existing IWI products and support for new orders, ” Punj Lloyd Chairman, Atul Punj was quoted as saying by the news daily.

Industry sources estimate the opportunity of ongoing programs for small arms in internal and national security to be more than Rs 3, 000 crore. Currently, the manufacturing of small arms is completely with the public sector. The Union Cabinet had agreed in 2001 to allow manufacture of small arms in the private sector.

Punj Llyod was among the few private firms, along with L&T and Bharat Forge, which had been granted license by DIPP to manufacture small arms in India in 2001-02.

By i-hls.com

 

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.

Copyright © 2021 Jewish Business News