June 23, 2017
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Strong collaboration
Punj Lloyd and IWI set-up manufacturing plant
            
Diversified conglomerate Punj Lloyd and its JV Partner, Israel Weapon Industries (IWI) recently inaugurated the country’s first Private Sector Small Arms Manufacturing Plant at Malanpur in Madhya Pradesh.  

The joint venture company, Punj Lloyd Raksha Systems (PLR) will be manufacturing small arms for the Indian Defence Forces and also for export.

Present on the occasion, Michel Ben-Baruch, Head of SIBAT, Israel Ministry of Defence said, “Israel's Ministry of Defense fully and wholeheartedly supports this cooperation and will continue to support the transfer of technology and information also in the future, for the betterment of improved advanced tools. Israel and India consider their defense industry cooperation as a monumental step forward, towards a future of immense potential. "

Punj Lloyd Chairman, Atul Punj said, “This is the first opportunity for the country to get its own ‘Made in India’ Small Arms. The need of the hour is to replace the country’s defence weapons with sophisticated and high precision products and Punj Lloyd Raksha Systems is the answer to the country’s immediate need.”

Punj Lloyd brings strong capabilities in Defence across Land Systems, Aerospace, Small Arms and Homeland Security. The objective is to develop genuine force multipliers in providing a decisive edge to the Indian Armed Forces and building a robust indigenous defence industrial base. Some of the Group’s clients in Defence include Ordnance Factory Board, Gun Carriage Factory, Jabalpur, HAL, DLW, AHPL, Fincantieri, SAAB, Toshiba, Metso, Inox Wind among others.

IWI is a member of the SK Group and is a world leader in the production, marketing, design and development of unrivalled weapons for over 80 years. All IWI weapons have been battle proven around the world under adverse and extreme environmental conditions.