Controp to start local manufacturing of its products in India
The Israeli company will set up a joint venture with the Indian company Paras Defense and Space Technologies to manufacturing electro-optical systems for various applications
Eyal Boguslavsky
| 27/03/2023
Photo: Controp Precision Technologies Facebook
Controp Precision Technologies, an Israeli company specializing in the field of electro-optics IR defense and homeland security solutions, announced today (Sunday) that it signed a memorandum of understanding (MoU) with Indian-based Paras Defense and Space Technologies and as part of the MoU, the companies will be setting up a joint venture (JV) in India for manufacturing electro-optic systems for various applications.
Hagai Azani, Controp's CEO, said that the MoU is a first step aiming to expand both companies' presence in the defense sector in India.
Amit Mahajan, Director-Business Development, Paras Defense said to the local media that, “This is a very remarkable event in our company's business. We are partnering with one of the world's best and leading EO/IR provider. Under the joint venture in India the company will be engaged in manufacturing electro-optic systems for various applications.
The Israeli company will set up a joint venture with the Indian company Paras Defense and Space Technologies to manufacturing electro-optical systems for various applications
Photo: Controp Precision Technologies Facebook
Controp Precision Technologies, an Israeli company specializing in the field of electro-optics IR defense and homeland security solutions, announced today (Sunday) that it signed a memorandum of understanding (MoU) with Indian-based Paras Defense and Space Technologies and as part of the MoU, the companies will be setting up a joint venture (JV) in India for manufacturing electro-optic systems for various applications.
Hagai Azani, Controp's CEO, said that the MoU is a first step aiming to expand both companies' presence in the defense sector in India.
Amit Mahajan, Director-Business Development, Paras Defense said to the local media that, “This is a very remarkable event in our company's business. We are partnering with one of the world's best and leading EO/IR provider. Under the joint venture in India the company will be engaged in manufacturing electro-optic systems for various applications.
