Israel Aerospace Industries signed strategic agreements with two Indian companies during Prime Minister Narendra Modi's visit to Israel.
IAI and Wipro Enterprises have entered an agreement to collaborate in the manufacturing of composite aero structures in India, including establishing a facility for this purpose. The agreement stipulates that IAI will transfer technology and assist Wipro in building a plant for manufacturing and assembly of aero structures for the civilian aerospace sector. The agreement forms the foundation for broader future collaboration between the two companies in India and is expected to support IAI's leadership in this arena while supporting the implementation of future projects.
IAI Expands JV with Indian Kalyani Group
Executives from IAI and Kalyani Strategic Systems (KSSL), the defense arm of a Kalyani Group, signed a Memorandum of Understanding (MOU) addressed to expand the joint venture that the companies are establishing.
The new MOU covers the establishment of a maintenance center for selected advanced air defense systems in Hyderabad in the state of Telangana in India. The two companies have also agreed on expanding their joint operations to development, manufacturing, and marketing of precise ammunition systems. In February 2017, IAI has inked an MOU with Kalyani Group on establishing a joint venture that will develop, build, market and manufacture selected Air Defense Systems and light weight special purpose munitions, in accordance with the Indian Government’s ‘Make in India’ policy.
Joseph Weiss, IAI's President and CEO, said, "India has been IAI's partner for many years as well as a key market for us. The Indian government 'Make in India' initiative requires of international companies to rethink their operations in India. The changes in India have not gone unnoticed by IAI: we have been revamping all of our operations in India and believe that together with our partners in Kalyani Group we will preserve our position in India for both countries continued growth."
Strategic Teaming Agreement with DTL and Elcom Systems
IAI, Dynamatic Technologies Ltd (DTL) and Elcom Systems have announced their cooperation to jointly address the needs of the Indian UAV market. The cooperation agreement supports the existing infrastructure in India for current MRO (Maintenance Repair and Overhaul) programs, while advancing the Indian government’s "Make in India" initiative as well. According to the agreement, IAI will transfer UAV technology and production capabilities to DTL and Elcom, in order to enable indigenous capability for UAV systems.
Shaul Shahar, IAI Executive Vice President and General Manager of IAI's Military Aircraft Group: "India is one of IAI's main strategic customers for 25 years; hence our relationship with Indian users, customers, and companies is crucial. It is, therefore, our intention to transfer a significant part of our UAV activity to India in the near future, in accordance with the 'Make in India' policy."