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Punj Lloyd forays into small arms manufacturing

By Niranjan Mudholkar,

Added 05 May 2017

Punj Lloyd and its JV Partner, Israel Weapon Industries (IWI) inaugurate the plant at Malanpur

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. "

H.E. Daniel Carmon, Israel's Ambassador to India said, "Now celebrating 25 years, India and Israel's growing partnership is multifaceted and ever expanding. The relationship is built on the strengths of each country, contributing to the security and prosperity of both peoples.

"I applaud the establishment of joint cooperation ventures, such as between Punj Lloyd and Israel Weapons Industries, taking up Israeli President Rivlin's call for Israel to ‘Make in India, Make with India'. I hope to see many more such joint endeavors ranging from Security to Food Security, Water to Cyber, Start-up to Space. "

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