In his remarks, Gen Avi Mizrachi, Executive Vice President (Business Development) of Elbit Security Systems, said, "India has been a key market for us and the Make-in-India initiative requires that International Companies like Elbit should expand operations in India through strategic alliance with Indian Partners. Our successful association with our Indian Partner Alpha Design in the last few years has resulted in forging a strong technological and business partnership in the form of the JVC and we look forward to continued growth in India."  

Col. H. S. Shankar, VSM (Retd), Chairman & Managing Director, Alpha Design Technologies, said,  "The agreement entered today is a major milestone for a private sector company in the MSME segment to form a strategic partnership with one of the global leaders like Elbit. This JVC would combine the excellent technological capabilities of Elbit with the young and talented manpower resources of Alpha Design to form center of excellence in thermal imager technology.

"In addition to meeting the Indian defence market demands, the JVC's focus would be to cater to the exports business opportunity of minimum 50%. This platform would bring FDI into the country and also generate employment for engineers, technologists, skilled technicians and other related staff functions."

It is hoped that Ministry of Defence, Government of India would offer the necessary impetus, in promoting such JVCs in the MSME segment, under the "Make in India" initiative by providing an opportunity to be a part of the Indian defence business.

END