NEW DELHI, India
March 30, 2012
- Rafael JV to develop and manufacture products for Defence Sector; to set up production facility in Pune, India
From left: Brig (RETD) K.A. Hai Chief Executive, Mahindra Defence Systems, Mr.
,Vice Chairman & Managing Director, Mahindra & Mahindra Ltd., V Admiral (
Retd) Yedida Yaari
, CEO, Rafael, Maj Gen (Retd.)
Chairman, Rafael &
- VP GM land & Naval Systems Sector, Rafael
- JV with Telephonics Corporation to provide Indian Ministry of Defence & Civil sector with advanced Airborne Surveillance & Communication Systems
From left: Brig (Retd) KA Hai, Chief Executive, Mahindra Defence Systems, Mr.
, Vice Chairman & Managing Director,
, CEO, Telephonics Corporation
Mahindra & Mahindra Ltd., one of India's leading business houses, today announced two Joint Ventures at the DefExpo 2012 held in
MoU with Rafael Advanced Defence Systems
The company's MoU with Rafael Advanced Defence Systems Ltd., a manufacturer of high tech defence systems for air, land, sea and space applications, will lead to the formation of a Joint Venture Company in
. The JV will develop and manufacture products such as Anti Torpedo Defence Systems, Electronic Warfare Systems, Advanced Armouring Solutions and remotely operated weapon stations for Futuristic Infantry Combat Vehicles (FICV).
Simultaneously, the Foreign Investment Promotion Board (FIPB) has been approached for the creation of a 74:26 company.