Kalyani group, Beretta to join hands for small arms

Beretta will transfer its defence technology to India, thereby pushing the ‘Make in India’ initiative of the Indian government

Jasleen Kaur | The Dollar Business

Kalyani Group and Italy-based firearms manufacturer Fabbrica D’armi Pietro Beretta S.P.A, known across the world for the ubiquitous Beretta pistol, are in advanced talks to form a partnership to provide small arms to the Indian army.

The Kalyani Group feels the need to give best-in-class solution to the country’s small arms section and wants to equip Indian security forces with best-in-the-world arms.

Beretta will transfer its defence technology to India, thereby pushing the ‘Make in India’ initiative of the Indian government.

Kalyani Group is the supplier of components and subsystems to the Indian Army. The agreement will ensure development and production of high-end small arms across the country.

Last year, Kalyani Group had signed a deal with Israel-based defence technology company Rafael to develop advance armour system, missile technology, and remote weapon systems in the country.

“Kalyani group is the perfect partner to expand its business chances across India; they have been supporting Indian Ministry of Defence,” Yadida Yaari, CEO, Rafael had said, a testimony to Kalyani Group’s credentials in the defence production industry

“We have strategies in the artillery field, also in the land-system field. Now we are getting into developing and manufacturing other high-technology systems. To make this possible, we have formed a joint venture with Israel’s Rafael Advanced Defence Systems Limited,” Amit Kalyani, Executive Director of the Kalyani Group, had earlier told The Dollar Business.

The Kalyani Group, a defence major, is participating in the ‘Defexpo India 2016’ that is being held in South Goa currently.

According to the Kalyani group, the company plans to invest about Rs.1,000 crore over the next three years in the domestic market, with investments over Rs.300 crore a year planned across industry verticals.
 

March 31, 2016 | 05:20pm IST

The Dollar Business Bureau - Mar 31, 2016 12:00 IST
 
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