Tembo Global Industries Limited recently announced their partnership with a leading European company to establish arms and ammunition manufacturing facility in India.

The newly signed Memorandum of Understanding (MoU) outlines the role of the European company, which will be lending their expertise in establishment of the factory. The agreement also includes a buy-back arrangement, under which the European partner will purchase a significant portion of the firearms produced by Tembo Global Industries Limited. The European company will provide technical expertise and operational support according to the agreement signed.

Commenting on the partnership, Sanjay J Patel, Managing Director, Tembo Global Industries Limited, said, "We are excited to embark on this strategic partnership with a renowned European player in the arms and ammunition industry. This collaboration marks a significant milestone for Tembo Global Industries Limited as we venture into the defense manufacturing space."

He further added, "The technical expertise and operational support from our European counterpart will ensure that we meet the highest standards in arms production. We are confident that this will not only expand our business footprint but also contribute to the growth of India's defense sector."