Kalyani Strategic Systems Ltd. (KSSL), the defence arm of Kalyani Group and Arsenal Joint Stock Company of Bulgaria signed a Memorandum of Understanding (MoU) to form a strategic alliance in India for manufacturing small arms and ammunition. MoU was signed during DefExpo2020 in Lucknow, the capital city of India’s biggest State Uttar Pradesh.
According to a press release , KSSL and Arsenal will be developing a manufacturing capability in India for the “AR” 7.62 x 39mm Assault Rifle and “MG” 7.62 x 51mm Machine Gun series. The Strategic Alliance is also actively participating in the projects for meeting the Army’s requirement of certain types of ammunition over a ten-year program. Arsenal small arms have been in active operations in India for long.
Chairman of KSSL Rajinder Singh Bhatia said “We are very excited to enter the Small Arms segment. This Strategic Alliance will combine Arsenal’s Proven technology, knowledge and experience as an OEM with world class design, development and manufacturing capabilities of the Kalyani Group. The Strategic Alliance will provide indigenously manufactured, desired high performance and economic solutions for the Armed Forces, thereby furthering the ‘Make in India’ initiative of the Government”.