On the sidelines of Prime Minister Narendra Modi’s visit to Israel, Indian and Israeli companies entered into agreements to bid jointly for defence contracts for the Indian military and locally build the systems under “Make in India”.
Bharat Forge and Israel Aircraft Industries (IAI) have signed an MoU to expand the joint venture that the companies are establishing as part of a February 2017 agreement meant to develop, build, market and manufacture selected air defence systems and light weight special purpose munitions.
“The new MoU covers the establishment of a maintenance centre for selected advanced air defence systems in Hyderabad in Telangana in India,” Bharat Forge said.
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Dynamatic Technologies, IAI and Elcom signed a strategic teaming agreement for industrial cooperation and local production of Unmanned Aerial Systems (UAS) in India.