India’s first private sector missile sub-systems manufacturing facility set up Hyderabad

India’s first private sector missile sub-systems manufacturing facility has inaugurated near Hyderabad on August 4, 2017. It has been established a line with the ‘Make in India’ initiative and Government’s policy to encourage private sector participation in defense product.
It is a joint venture between the $2.5 billion Kalyani Group and Israel’s Rafael Advanced Defence Systems Ltd. The Kalyani Rafael Advanced Systems (KRAS) plant will make anti-tank guided missile (ATGM) Spike and the production is expected to start soon within weeks.