Israel Aerospace Industries (IAI) and Kalyani Strategic Systems (KSSL), the defense arm of India’s Kalyani Group, signed a Memorandum of Understanding (MoU) to expand the joint venture that the companies are establishing.
The deal was signed during Narendra Modi’s visit to Israel this week.
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 inked an MoU with Kalyani Group 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.