KRAS receives $100 M Order from Israel’s RAFAEL

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Hyderabad:  Kalyani Rafael Advanced Systems (KRAS) on Thursday received a $100 million contract for manufacturing 1,000 Barak-8 MRSAM missiles’ kits at a simple ceremony in Hyderabad.

Set up in 2017, the Kalyani Group has entered into a joint venture with Israeli-based Rafael to form KRAS.  The Israel company is engaged in manufacturing Air & Missile Defense Systems Division.

The RAFAEL’s Executive Vice President & General Manager, Brigadier General (ret.) PiniYungman, has handed over the Contract Order to Kalyani Baba, the Chairman of the Kalyani Group.

KRAS is a 49:51 ratio Joint Venture with the Indian partner holding 51%.

Keeping with its commitment to ‘Make-in-India’, the  JV partners have invested in best in class production facilities, state of the art engineering services, and extended Life cycle support (MRO) for systems supplied to Indian Defence force.

KRAS is expected to ramp up its employee strength to 300 technical experts by the year 2023.

Speaking on the occasion, Brig (ret.) PiniYungman emphasized KRAS’s commitment to the operational readiness of the Indian Army and Indian Air Force (IAF). “We at RAFAEL are proud of our role – not only in KRAS – but also of our participation in Make-in-India, and our strong relationship with the vibrant talent across India’s defense industries. As we mark end of this project, we look forward to celebrating many more milestones with KRAS as well as our many other partners like BDL within India.”

Kalyani Group has always been at the forefront of globalizing India and making ‘Make in India’ a global brand. It continues to live by the same philosophy in its Defence Business profile with the successful association with JV partners, DRDO and DPSUs.

RAFAEL has a rich history of collaboration with India’s defense industries, resulting in multiple joint ventures, subsidiaries, as well as fruitful information sharing. These partnerships, over past two decades, have led RAFAEL to invest over $250 million in the country through its Make-in-India initiative.

Chairman of the Kalyani Group Baba Kalyani said; “This order is a testimony to the capabilities that exists in the country and how they can be utilized to truly achieve the aim of ‘Make in India’. Kalyani Group is immensely proud of this achievement and our association with Rafael. We are confident of executing many more such orders.”

Kalyani Group is an Indian multi-national with high technology, engineering & manufacturing capability across critical sectors such as Engineering Steel, Automotive, Industrial, Renewable Energy, Defence, Urban Infrastructure and Specialty Chemicals.

Kalyani Strategic Systems Ltd. (KSSL) is the principal company within the Kalyani Group undertaking Defence & Aerospace initiatives. On the occasion Col R Bhatia said that KSSL has emerged from being a traditional supplier of components and subsystems to Indian Defence Forces to becoming a complete system solutions provider, thus enabling a dedicated and focused approach towards realizing the aim of becoming a leading defence player in the world.

And, RAFAEL, with a legacy of 70 years, is known for designs, development, manufactures and supply a wide range of state-of-the-art defense systems for air, land, sea and space applications for the Israeli Defense Forces.  It is also committed to provide Make in India solution for the Indian Armed Forces and for International Export market from India.

“The India-Israel collaboration in manufacturing advance missile systems and other needed weaponry for Indian armed forces was materialized after series of meetings held by both the countries prime ministers,” said Col Bhatia of Kalyani Group.

The function was also attended by the senior officials of Indian armed forces stationed in Hyderabad.

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