BackYear 2020
6th February,
2020
Kalyani Strategic Systems Ltd. (KSSL), The Defense Arm of Kalyani Group and Arsenal Joint Stock Company, Bulgaria signed a Memorandum of Understanding (MOU) to form a strategic alliance in India for manufacturing small arms and ammunition.
KSSL and Arsenal will be aggressively developing a manufacturing capability in India for the “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 Army’s requirement of certain types of ammunition over a ten-year program. Arsenal small arms have been in active operations in India for decades and have a proven record of performance.
Rajinder Singh Bhatia, Chairman KSSL said “We are very excited to enter the Small Arms segment. This Strategic Alliance will combine Arsenal’s Proven technology, knowledge and experience as an OEM with world class design, development and manufacturing capabilities of the Kalyani Group. The Strategic Alliance will provide indigenously manufactured, desired high performance and economic solutions for the Armed Forces, thereby furthering the ‘Make in India’ initiative of the Government”.
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 program with Kalyani Group as its partner for Assault Rifle, Machine Gun and Ammunition for Ministry of Defence, India.”
About Kalyani Group About Kalyani Group Kalyani Group is a 3 billion USD multinational conglomerate with high technology, engineering and manufacturing capability across critical sectors such as Defence & Aerospace, Engineering Steel, Automotive, Industrial, Renewable Energy, Urban Infrastructure and Specialty Chemicals. The group has been a flag bearer of ‘Make in India’ across sectors including Defence and Aerospace.
Kalyani Strategic Systems Ltd. (KSSL) is the principal company within the Kalyani Group undertaking Defence & Aerospace initiatives. KSSL has emerged from being a traditional supplier of components and subsystems to Indian Defence to becoming a complete system and solutions provider, thus enabling a dedicated and focused approach towards realizing the aim of becoming a leading defense player in the world.
About Arsenal Arsenal JSCo is a leading manufacturer of light and medium arms, ammunition and tooling in Bulgaria since 1878. The company is uniquely positioned with high capacity manufacturing facilities for both western and eastern caliber armaments. The company’s products have been exported to over 120 countries.
Arsenal’s presence in India spans three decades with its products in use at the central and state level. The highly regarded “AR, AR-M1, AR-M1F41 and AR-M5F41” series of 7.62 x 39mm Assault Rifles and 40mm/40x46mm UBGLs and ammunition have played a crucial role in aiding Counter-Insurgency and Anti-Terror operations in India.