Make in India Current Affairs

India’s first private missile production facility unveiled in Hyderabad

India’s first private sector missile sub-systems manufacturing facility Kalyani Rafael Advanced Systems (KRAS) plant was inaugurated near Hyderabad, capital of Telangana.

It is 51:49 joint venture between India’s Kalyani Group and Israel’s Rafael Advanced Defence Systems Ltd. It has been established line with the ‘Make in India’ initiative and Government’s policy to encourage private sector participation in defence production.

Key Facts

KRAS aims to be a one-stop solution provider to locally re-design, develop, re-engineer and manufacture various land and airborne products and systems in India. It has invested in designing, developing and manufacturing of weapon systems including Spike Anti-Tank Guided Missile (ATGM) systems and remote weapon systems.

Besides, it will develop a wide range of advanced capabilities that include command control and guidance, remote weapon systems, electro-optics, precision guided munitions and system engineering for system integration. It will be supplying defence equipment to the Indian Army and also export to South East Asian countries.

The plant would employ more than 300 engineers and provide indirect employment to 1,000 people. The localisation content of the plant is 90% and most of the vendors are in and around Hyderabad.

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Reliance Defence inks Pact with Serbia’s Yugoimport to Manufacture Ammunition in India

Anil Ambani’s Reliance Defence Ammunition which is a subsidiary of Reliance Infrastructure has entered into a strategic partnership with Serbia’s state-run Yugoimport to manufacture ammunition in India. The joint venture is expected to target business opportunities worth Rs 20,000 crore from Indian armed forces in the next 10 years.

Salient Highlights

The two companies will work jointly in the field of ammunition amongst others. Both the companies would undertake joint development of next generation ammunition to cater to the needs of the future requirements of the Indian armed forces.

The proposal also involves the transfer of technology by the original equipment manufacturers (OEMs) and indigenous manufacturing in India.

Reliance Defence Ammunition will set up a greenfield facility for the production of ammunition.

India at present imports around 50% of its ammunition with an annual spending of more than Rs 10,000 crore.

Yugoimport is Serbia’s state-owned defence major and is a market leader in the field of ammunition production. Prime Minister Narendra Modi’s Make-in-India initiative requires building a domestic industrial base in India. This is aimed at cutting outright imports. Accordingly, Yugoimport has offered a fully compliant technical solution to meet the Make in India requirements of the Indian government.

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