PUNJ LLOYD gets its defence business right in small arms, and has made a smart move along with Israel Weapons Industries to launch into defence manufacturing for products that already have a huge market in India
After about a decade of dabbling in the defence sector, and after being an infrastructure company for the longest time, Punj Lloyd has finally got its military business strategy right - a focus on small arms. In an exhibition of its confidence on a decade-old partner, Punj Lloyd has joined hands with Israel Weapon Industries (IWI) to set up India's first private sector small arms manufacturing plant at its Malanpur facility in Madhya Pradesh.
On 4 May, Punj Lloyd opened its facility for making Israeli small arms components at the Malanpur facility, as a first step towards ultimately making whole systems for the small arms family from IWI. This is also Israel's first step towards achieving its targets to bag orders from the Indian Army to meet its requirements for a list of small arms, including the standard assault rifle to replace the Indian INSAS rifle.
The two companies have come together to establish a joint venture under the name of Punj Lloyd Raksha (PLR) Systems and they are awaiting the licence from the Indian government to manufacture whole small arms systems in India soon. The Malanpur facility will be the first private sector small arms manufacturing plant in India apart from the Ordnance Factory Board that manufactures it. IWI has a 49 per cent share in the JV, as per the foreign direct investment norms, while Punj Lloyd holds the majority 51 per cent stake.
The inaugural event was presided over by Madhya Pradesh Chief Minister Shivraj Singh Chouhan and the Union Minister for Rural Development, Panchayati Raj, Drinking Water and Sanitation, Narendra Singh Tomar. The joint venture company, Punj Lloyd Raksha (PLR) Systems, will be manufacturing small arms for the Indian defence forces. Now, India-made Israeli small arms will be sold to several export markets globally.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
NEW MANTRA FOR DISPUTE RESOLUTION
AMIT COWSHISH explains why the Ministry of Defence (MOD), which is one of the biggest spenders, needs to watch out for the latest mediation rules.
NEW WAVE TERRORISM IN JAMMU & KASHMIR
KARAN KHARB argues that Pakistan's continued use of proxy war tactics against India, particularly in Jammu and Kashmir, poses a severe threat to national security. He advocates for a shift from a reactive to a proactive approach in counter-terrorism efforts, emphasizing the need for a comprehensive review of military strategies and a coordinated national policy to address both external and internal security challenges effectively.
INDIAN NAVY'S PROJECT-751 - GERMAN TKMS LEADS SPANISH NAVANTIA AFTER FIELD TRIALS FOR AIP-SUBMARINE DEAL
German submarine-builder ThyssenKrupp (TKMS) and India's Mazagaon Dockyard Limited (MDL) have emerged as leaders in the Indian Navy's Project-751, which aims to build six submarines with Fuel Cell Air-Independent Propulsion (AIP) and Lithium-ion batteries. Following successful field trials, TKMS and MDL have gained an edge over competitors by demonstrating their proven AIP technology and advanced submarine design tailored to the Indian Navy's needs.
VIKSIT BHARAT FROM A DREAM TO REALITY
The article explores India's ascent as a global influencer, emphasising its strategic advancements in foreign policy, defence, and economic growth. It also highlights India's challenges in achieving sustainable development and strengthening internal security. Adopting a forward-looking approach, the article envisions India's rise as a major economic power and a key player in global stability, as outlined by LT. GEN. A.B. SHIVANE (RETD.).
WILL MODI APPLY THE LESSON LEARNT FROM KOREA IN UKRAINE?
Speculation around Prime Minister Narendra Modi's possible visit to Ukraine raises questions about India's role in mediating peace between Russia and Ukraine. Drawing from its experience during the Korean War, India may seek to leverage its strategic neutrality to foster dialogue in a conflict where China and Turkey have also shown interest, opines PRAKASH NANDA.
UGVS: THE NEXT DIMENSION OF WARFARE
With the rest of the world developing unmanned ground vehicles at a breakneck speed, it is time for India to join the bandwagon at the earliest.
SUPERSONIC DESTROYER
The BrahMos programme has filled a critical gap in the Indian armed forces' missile inventory and continues to attract strong export interest, writes ATUL CHANDRA.
POLICE MODERNISATION: AN URGENT NEED OF THE HOUR
India is facing many internal security threats, and it is time to reshape the strategic dynamics by modernising the police forces.
FUTURE FIGHTER
FIA 24 provided important insights into the Global Combat Air Programme, which will redefine the future of air combat, reports MIKE RAJKUMAR.
FILLING THE GAP
A new Medium Transport Aircraft is essential for the IAF, but it will have to compete with other pressing programmes fighting for limited budgetary resources, analyses ATUL CHANDRA.
