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.
Bu hikaye Geopolitics dergisinin June 2017 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Geopolitics dergisinin June 2017 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
TIME FOR A ROBUST BMD SHIELD
With nuclear-armed Pakistan and China in the neighbourhood, India must prepare ballistic missile defences at the earliest for protecting its densely populated cities
URGENT NEED FOR SMART AND LETHAL WEAPONS
India must tread the path towards the development of a whole gamut of next-generation smart and lethal weapons for countering a two-front threat scenario, writes AMARTYA SINHA
MOBILITY SOLUTIONS FOR THE INDIAN ARMY
While the Indian Army has a significantly large fleet of trucks and utility vehicles, there is a need to further augment the capabilities by adding latest platforms with better fuel-efficiency, faster speeds, larger wheelbases and enhanced axle-load bearing capacities, argues AMARTYA SINHA
C-295 CREATING A MANUFACTURING BLUEPRINT FOR INDIA
With the right momentum, a realistic roadmap and enabling policy framework, a story is being scripted to make India a hub for global aircraft manufacturing. The potential is enormous. An in-depth report.
ENHANCING NAVAL AVIATION CAPABILITIES
A robust Indian naval air arm will prove to be the biggest sea-based conventional deterrence, both for the tactical as well and strategic level battlefields.
HAS THE WORLD FORGOTTEN THE PLIGHT OF THE AFGHAN WOMEN?
With the Taliban and command in Afghanistan, serious questions are being raised about the status of women in that country. GAYATRI SINGH dissects the situation on the ground.
HOW TANKS ARE EVOLVING TO AVOID OBSOLESCENCE
Is the dominance of tanks in modern wars coming to an end? This question is increasingly attracting attention of the military experts as the ongoing war in Ukraine and the second Nagorno-Karabakh War between Armenia and Azerbaijan not long before have witnessed the staggering numbers of tanks being destroyed and outgunned, particularly by military drones.
MISSION GAGANYAAN AFTER LOK SABHA POLLS
The Indian human spaceflight programme will be Prime Minister Narendra Modi’s biggest gift to the Indian scientific community.
TIME TO GO FOR SIXTH-GENERATION AIRCRAFT
With China racing ahead in 6th-Gen Fighter Aircraft Programme, India cannot afford to be left behind. AIR MARSHAL ANIL CHOPRA (RETD) explains
Unending War In Ukraine
Is Russia's War in Ukraine following a script or it is lost in direction? RAVI SRIVASTAVA attempts to answer
