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Boost For ‘Make In India’ Defence: Kalyani Rafael JV Bags $100 Million Barak-8 MRSAM Order For Indian Military
Barak-8 surface-to-air missile jointly developed with Israel.
The $100 million order for 1000 Barak-8 MRSAM systems placed by the Indian Army and Indian Air Force has been bagged by Hyderabad-based Kalyani Rafael Advanced Systems Ltd (KRAS), BusinessLine has reported. The kits will be supplied to Bharat Dynamics Ltd (BDL) which will integrate them with the present defence systems.
“This order is a testimony to the capabilities that exists in the country and how they can be utilised to truly achieve the aim of ‘Make in India’. We are confident of executing many more such orders” Baba Kalyani, chairman of the Kalyani Strategic Systems Ltd said.
“The facility near Hyderabad was set up in August 2017 and has now bagged a $100-million order. We plan to expand our facilities and capabilities as a systems integrator, while broadening the product range” he added.
KRAS is the result of a 49:51 joint venture between Israeli Rafael Advanced Systems and Indian Kalyani Group with its first production facility located in Hyderabad. The Kalyani group has reportedly been supplying components and sub-systems to the defence forces in the past, and has now developed into a complete systems provider.
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