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**ffflyer** · 01-20-2012, 07:52 PM

Hindujas apply for licence to make armaments, ordnance

Amitav Ranjan : New Delhi, Thu Jan 19 2012, 02:08 hrs

Cleared in the Bofors case, the Hindujas are poised to enter Indiaâ??s defence and homeland security hardware manufacturing with plans to make guns, rockets and missile systems, among others, to â??enable the country to be self-sufficient in manufacture of defence equipmentâ?.

Ashok Leyland Defence Systems Ltd (ALDS), a company floated in 2008 by the Hinduja Group, has applied for FIPB license for â??manufacture and maintenance of guns, rockets and missile artillery systems to include carriage, control systems and other allied subsystemsâ? at a factory in Sriperambadur.

It said it would invest Rs 10 crore in a manufacturing facility (excluding land and buildings) with a second-phase outlay of Rs 50 crore when it would go beyond its existing business of design, development and manufacture of medium-duty defence vehicles.

The facility would also manufacture and assemble armoured combat vehicles including associated systems such as turrets, armaments. Thatâ??s not all. It has sought government approval to manufacture defence and defence-related equipment â??including but not restricted to the above categoriesâ? with its existing foreign direct investment.

In its application to the Foreign Investment Promotion Board, ALDS said: â??Contemporary and future technology will be obtained which would later give rise to creation of R&D facilities, ensuring that our security forces always have the edge necessary to maintain supremacy in modern warfare.â?

ALDS, which has a pact with South Africaâ??s Paramount Group in February 2010 for manufacturing mine protected vehicles in India, last year signed an MoU with Germanyâ??s Krauss-Maffei Wegmann GmbH to develop artillery systems, combat systems, armoured wheeled vehicles, recovery vehicles, bridge laying systems and other similar products.

Last March, ALDS announced advanced talks with Chemring Group Plc of the UK to establish a defence joint venture based in India. Chemring, an existing supplier to India, makes munitions, electronic warfare, pyrotechnics and end-of-life ordnance destruction. However, ALDS application says it would not part with any equity to a foreign collaborator.

01-20-2012, 07:52 PM	#3
ffflyer Join Date Oct 2005 Posts 419 Senior Member	Hindujas apply for licence to make armaments, ordnance Amitav Ranjan : New Delhi, Thu Jan 19 2012, 02:08 hrs Cleared in the Bofors case, the Hindujas are poised to enter Indiaâ??s defence and homeland security hardware manufacturing with plans to make guns, rockets and missile systems, among others, to â??enable the country to be self-sufficient in manufacture of defence equipmentâ?. Ashok Leyland Defence Systems Ltd (ALDS), a company floated in 2008 by the Hinduja Group, has applied for FIPB license for â??manufacture and maintenance of guns, rockets and missile artillery systems to include carriage, control systems and other allied subsystemsâ? at a factory in Sriperambadur. It said it would invest Rs 10 crore in a manufacturing facility (excluding land and buildings) with a second-phase outlay of Rs 50 crore when it would go beyond its existing business of design, development and manufacture of medium-duty defence vehicles. The facility would also manufacture and assemble armoured combat vehicles including associated systems such as turrets, armaments. Thatâ??s not all. It has sought government approval to manufacture defence and defence-related equipment â??including but not restricted to the above categoriesâ? with its existing foreign direct investment. In its application to the Foreign Investment Promotion Board, ALDS said: â??Contemporary and future technology will be obtained which would later give rise to creation of R&D facilities, ensuring that our security forces always have the edge necessary to maintain supremacy in modern warfare.â? ALDS, which has a pact with South Africaâ??s Paramount Group in February 2010 for manufacturing mine protected vehicles in India, last year signed an MoU with Germanyâ??s Krauss-Maffei Wegmann GmbH to develop artillery systems, combat systems, armoured wheeled vehicles, recovery vehicles, bridge laying systems and other similar products. Last March, ALDS announced advanced talks with Chemring Group Plc of the UK to establish a defence joint venture based in India. Chemring, an existing supplier to India, makes munitions, electronic warfare, pyrotechnics and end-of-life ordnance destruction. However, ALDS application says it would not part with any equity to a foreign collaborator.
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