Up until now, only the state-owned Ordnance Factory Board (OFB) was permitted to produce ammunition and India’s private sector was only allowed to manufacture parts of ammunition such as the shells or fuses. A senior army official stated that the army’s requirements were not being totally met by the OFB, and...
Israeli JV to Manufacture Drones in India
India's Adani Enterprises and Israeli Elbit Systems formed a joint venture, Adani-Elbit Advanced Systems India Limited (AEASIL), on November 7, 2016 to work together in the field of unmanned aircraft systems in India. The Adani group will own 51 percent stake in the JV, while the Israeli company will hold...