Kalyani Rafael opens Hyderabad facility to make Spike missiles

Bruno Cirelli
Agosto 3, 2017

"We will start producing these missiles in weeks for Indian armed forces and we will be seeking government permissions to export it to South East Asian countries like Myanmar, Vietnam, Philippines, Indonesia".

Termed as the largest yet FDI in defence, Kalyani holds 51 per cent in the JV while Rafael holds 49 per cent.

Israel's leading defence company Rafael along with India's Kalyani Strategic Systems will manufacture Spike, the anti-tank guided missile (ATGM), at their state-of-the-art facility which was inaugurated here on Thursday.

"The order is somewhere closer to a billion dollars over a couple of years", said Kalyani.

Going forward, once orders start flowing, "we will invest more. also looking to [make] other products, he said, adding that Spice glider bombs used by the Air Force would be the next". It will also aim to export products to other countries, especially to south-east Asia, said Yoav Har-Even, president & chief executive of Rafael Advanced Defence Systems. The plant would employ more than 300 engineers and provide indirect employment to 1,000 people.

Spread across 24,000 square feet, the production facility has been set up with an initial investment of approximately $10 million.

Speaking on the occasion, Telangana minister for industries and Commerce and IT Kalvakuntla Taraka Rama Rao said the joint venture will bring cutting-edge manufacturing to the state, and add to the state's premier position in the defence and aerospace sector. He said the production of weapons systems will be at the request of the Indian armed forces.

Kalyani said this will get technology from Israel and it will not be a "screw driver manufacturing facility operation" like in the past. The company has developed sub-contractors and supply system in and around Hyderabad.

The $2.5 billion Kalyani Group is an Indian multi-national with high technology, engineering & manufacturing capability across critical sectors such as engineering steel, automotive, industrial, renewable energy, defence, urban infrastructure and specialty chemicals.

As part of the Make in India program of the Narendra Modi government, Rafael defense system has promised to transfer technology of the missile systems.

"Rafael is committed to "Make in India" and this JV is a step in the same direction".

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