Photo Caption: MOU signing ceremony- Joseph Weiss, president
and CEO of IAI and Baba Kalyani, Chairman Kalyani Group
Bengaluru, India,
February 15, 2017- Israel Aerospace Industries Ltd. and Kalyani
Strategic Systems Ltd. (KSSL) the defense arm of Kalyani Group, signed a
Memorandum of Understanding (MOU) to incorporate a Joint Venture Company (JVC)
in India.
As part of the MOU,
IAI and KSSL are aiming to expand their presence in the Indian defense market
and to build, market and manufacture specific Air Defense Systems and Ground to
Ground & Ground to Sea Munitions.
The MOU was signed in
Bangalore, India, at the Aero-India exhibition, by Joseph Weiss, IAI's
President and CEO and Baba Kalyani, Chairman Kalyani Group. The MOU is the
first step of a process to establish a JVC between the two companies. The JVC
will integrate strategic state-of-the-art defense systems for the Indian MOD in
accordance with the Indian Government’s ‘Make in India’ policy. @sunrisemirror!! follow us twitter ..
have a nice day...............
No comments:
Post a Comment