India’s first private missile production facility unveiled in Hyderabad

India’s first private sector missile sub-systems manufacturing facility Kalyani Rafael Advanced Systems (KRAS) plant was inaugurated near Hyderabad, capital of Telangana.
It is 51:49 joint venture between India’s Kalyani Group and Israel’s Rafael Advanced Defence Systems Ltd. It has been established line with the ‘Make in India’ initiative and Government’s policy to encourage private sector participation in defence production.

Key Facts

KRAS aims to be a one-stop solution provider to locally re-design, develop, re-engineer and manufacture various land and airborne products and systems in India. It has invested in designing, developing and manufacturing of weapon systems including Spike Anti-Tank Guided Missile (ATGM) systems and remote weapon systems.
Besides, it will develop a wide range of advanced capabilities that include command control and guidance, remote weapon systems, electro-optics, precision guided munitions and system engineering for system integration. It will be supplying defence equipment to the Indian Army and also export to South East Asian countries.
The plant would employ more than 300 engineers and provide indirect employment to 1,000 people. The localisation content of the plant is 90% and most of the vendors are in and around Hyderabad.

Month: Current Affairs - August, 2017