Rafael of Israel and India’s Kalyani Group help deepen defence ties


 

  1. Kalyani group will form a manufacturing joint venture with Israel’s Rafael to make Spike Anti-Tank Guided Missiles (ATGM) in India.
  2. The deal was cleared by the Defence Acquisition Council last year and the plan is to start production in about 2 years.
  3. The JV will conform to the FDI guidelines with 51% ownership held by the Kalyani Group. The companies are in talks with the Telangana Govt. for land procurement.

Spike is a third generation, fire-and-forget, man-portable, anti-tank missile.

Defence Sector – DPP, Missions, Schemes, Security Forces, etc.
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