Defence News India: Kalyani Strategic Systems Ltd (KSSL), the defence arm of Kalyani Group and Arsenal Joint Stock Company, Bulgaria Thursday signed a Memorandum of Understanding (MOU) to form a strategic alliance for manufacturing small arms and ammunition in the country.
KSSL and Arsenal will develop manufacturing capability AR 7.62 x 39mm Assault Rifle and MG 7.62 x 51mm Machine Gun series.
The strategic alliance is also actively participating in the projects for meeting the Indian Army’s requirement of certain types of ammunition over a 10 year programme.
“This strategic alliance will combine Arsenal’s proven technology, knowledge and experience as an OEM with the world class design, development and manufacturing capabilities of the Kalyani Group,” said Rajinder Singh Bhatia, Chairman of Kalyani Strategic Systems Limited.
The strategic alliance will provide indigenously manufactured, desired high performance and economic solutions for the Armed Forces to support Prime Minister Narendra Modi’s flagship scheme Make in India that is aimed at increasing the share of manufacturing in the country’s GDP to 25%.
Hristo Ibouchev, Executive Director, Arsenal 2000 JSCo said “Arsenal is proud to be the first defence OEM in Bulgaria to become an active participant in the Make in India programme with Kalyani Group as its partner for assault rifle, machine gun and ammunition for Ministry of Defence, India.”