Ten agreements worth $4.3 billion were signed during a formal meeting of India-Israel CEOs forum in Tel Aviv soon after Indian Prime Minister Narendra Modi’s visit. These include the manufacture of air defense systems, radars, anti-ship missiles, and medium altitude long endurance UAVs in India, under technology transfer.
Israel Aerospace Industries (IAI) and Kalyani Strategic Systems Ltd., will expand their joint venture to establish a maintenance center for selected advanced air defense systems radars, anti-ship missiles and command & control systems for the Indian armed forces, for $1.54 billion.
Bangalore-based Dynamatic Technologies and Elcom signed a ‘Strategic Teaming Agreement’ to produce, assemble and support UAVs in India with IAI.
Elbit Security Systems Ltd signed a contract with India’s Alpha Design Technologies to increase the scope of their existing joint venture ‘Alpha-Elsec Defense & Aerospace Systems Pvt Ltd’, into areas such as new generation thermal imaging equipment, fire control systems, unmanned aerial systems (UAS), in addition to night vision devices, laser range finders, laser pointers, and reflex sights.
India’s Garware Wall Ropes Ltd., signed a Memorandum of Understanding with Israel’s Aero-T for manufacturing and supply of advanced aerostats for India’s Defense services, reports Defense World.
