Israel Weapon Industries has established a 49:51 joint venture with Punj Lloyd. IWI has already supplied guns such as TAVOR assault rifles and UZI SMG to security forces in India and also has other major programs in which its small arms are undergoing trials. This was reported on indianexpress.
According to the report, the joint venture will manufacture components in the first phase for export to Israel, in which nearly 80% of the components of the guns will be made in India. In the second phase, full guns will be made here for supplying to the security forces.
Atul Punj, Chairman of Punj Lloyd said that: “Punj Lloyd is positioned to manufacture the complete range of IWI products from pistols to light machine guns and specialist weapons like sniper rifles, in addition to providing service to the existing IWI products and support for new orders.”