04 August, 2017
Kalyani Rafael Advanced Defense Systems (KRAS), a joint venture between Kalyani Strategic Systems Ltd and Rafael Advanced Defense Systems Ltd of Israel inaugurated their state of the art facility at the Hardware Park in Rangareddy district here on Thursday.
Rafael said in a press release that the factory would manufacture its Spike missiles, an advanced anti-tank missile that India had chosen as part of a half-billion-dollar deal between the country and the manufacturer that has been delayed for two years.
The Hyderabad facility will manufacture the entire missile, which comprises elaborate aerodynamics, avionics and an electronic system. "We're were waiting for orders from the Indian Army".
Kalyani Strategic Systems Ltd. (KSSL) has emerged from being a traditional supplier of components and subsystems to Indian defence forces to becoming a complete system and solutions provider, with the aim of becoming a leading defence player in the world. Rafael said today that in addition to Spike missiles, the joint plant would likely also make other advanced weapons systems.
Kalyani added that they have invested Rs 60 to 70 crore till now and an equivalent amount will be invested once orders start coming in.
"We see United States dollars 1 billion worth business opportunity with this business vertical". Kalyani further said that they would also explore export potential once they stabilise the commercial production activity.
"This is one of the FDI in defence in India, they have been working on ATGM with the ministry of defence from 2011, they have been through all the trials, went to the services and the product is approved by the services", Mr Kalyani said.
In line with the Government's "Make in India" initiative, the joint venture will invest in high-end technology and advanced manufacturing techniques to design, develop and manufacture latest weapon systems for the Indian Armed Forces.
"This venture will offer direct employment to 300 and around 1,000 people indirectly through its hundreds of vendors who are all in the small scale sector", Mr Kalyani added.
Telangana Industry and IT minister KT Rama Rao and Daniel Cameron, Israel's Ambassador to India, were present at the inauguration of the Kalyani Rafael's new facility here on Thursday.
It will be engaged in the development of a wide range of advanced capabilities like Command Control and Guidance, Electro-Optics, Remote Weapon Systems, Precision Guided Munitions and System Engineering for System Integration.