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Israel, India Set Up Joint Venture to Produce Defense Systems


(Globes) Yuval Azulai - Israeli government-owned Rafael Advanced Defense Systems Ltd. and the Indian Kalyani Group on Thursday announced an agreement to establish a joint venture to produce missile systems, remotely-controlled weapons positions, and advanced systems for the protection of tanks and APCs. The agreement was signed during the Aero India weapons exhibition in Bangalore, in which 15 Israeli defense companies are taking part. "We have always wanted to contribute to the modernization of the Indian armed forces," said Rafael chairman Brig.-Gen. (res.) Yitzhak Gat, referring to the agreement.
2015-02-20 00:00:00
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