Kalyani is one of the major investors in the defense sector and has been offering a number of weapon systems to India as well as foreign countries…reports Asian Lite News
In a major success for Indian firm kalyani-strategic-systems-limited”>Kalyani Strategic Systems Limited on Wednesday announced receiving an order worth USD 155 million for supplying howitzers.
However, the Baba Kalyani-owned company did not disclose the buyer except for clarifying that it was in a non-conflict zone.
“We are pleased to inform that kalyani-strategic-systems-limited”>Kalyani Strategic Systems Limited, a wholly-owned subsidiary of the Company, has been awarded an export order for a 155mm Artillery Gun platform to be executed over a 3-year timeframe. The total value of the order is USD 155.50 million,” the company said in a statement.
“This order, to a non-conflict zone, is a great testament to the Indian government’s Aatmanirbhar Bharat agenda and its sustained push to promote exports of Indigenously Designed Developed and Manufactured (IDDM) advanced defense platforms from India,” it said.
Kalyani is one of the major investors in the defense sector and has been offering a number of weapon systems to India as well as foreign countries.
The company has been working with Defence Research and Development Organisation (DRDO) to develop the advanced tower artillery gun system (ATAGS) and has also developed an ultra-light howitzer.
The Prime Minister has also urged the defence industry to develop its products for the global market and achieve USD 5 billion targets by 2025.
It also comes on the back of the Philippines ordering BrahMos missiles and Armenia choosing to buy Pinaka multi-barrel rocket launchers from India.
India has clocked defence exports worth ₹30,000 crore since 2014 after the Narendra Modi government came to power, with the first six months of the current financial year alone accounting for export orders worth ₹8,000 crore, officials said, according to Hindustan Times report.
India’s defence exports reached their highest level in 2021-22, with the figure hitting ₹13,000-crore mark and the private sector accounting for 70% of the exports, an outcome of the government’s policies to boost the export of military hardware to friendly foreign countries, it was reported. (with inputs from ANI)