Defence Reporter

Putting you on the front line

Kalyani Rafael gets $100-million order for 1,000 Barak-8 MRSAM missile kits for Indian Army and IAF

Hyderabad, Jly 13, 2019: Hyderabad-based KRAS is a 49:51 ratio joint venture between Isreal’s Rafael Advanced Systems and Kalyani Strategic Systems, with the Indian partner holding 51%

Updated:Sunday, July 14, 2019, 09:48

Kalyani Rafael gets $100-million order for 1,000 Barak-8 MRSAM missile kits for Indian Army and IAFHyderabad, Jly 13, 2019: Kalyani Rafael Advanced Systems (KRAS) has secured a $100-million order from Israel-based Rafael Advanced Defense Systems to supply 1,000 Barak-8 MRSAM missile kits for the Indian Army and Air Force, which, in turn, would be supplied to Bharat Dynamics (BDL) for further integration.

Hyderabad-based KRAS is a 49:51 ratio joint venture between Rafael Advanced Systems and Kalyani Strategic Systems (KSSL), with the Indian partner holding 51%.

“This order is a testimony to the capabilities that exist in the country and how they can be utilised to truly achieve the aim of Make in India. We are confident of executing many more such orders,” Kalyani Group chairman Baba Kalyani said. “Our strength lies in creating capabilities to understand processes and not products,” he said.

Keeping with its commitment to Make-in-India, the JV partners have invested in production facilities, state-of-the-art engineering services and extended life cycle support for systems supplied to Indian defence force. KRAS is expected to ramp up its employee strength to 300 technical experts by 2023.

Source: Financial Express

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