Indian firm announces JV with Israel's Elbit, targets mortar and artillery market
Bharat Forge, part of Indian conglomerate the Kalyani Group, has acquired Ruag’s gun manufacturing facility and plans to establish a joint venture with Israel’s Elbit Systems.
The new venue, called BF Elbit Advanced, will establish Bharat as a major player in the Indian artillery market. As part of a wider strategy to take on the Indian defence sector, BF Elbit Advanced will develop and manufacture a range of defence systems, including mortar gun systems and ammunition.
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