In line with PM Narendra Modi’s ‘Make in India’ initiative, ICOMM signed a partnership agreement with UAE-based CARACAL for the development of a full portfolio of locally manufactured small arms for the Indian market, as well as for international export.
In line with Prime Minister Narendra Modi’s ‘Make in India’ initiative, ICOMM, a market leader in developing and manufacturing missiles and sub-systems, communications and EW systems, signed a partnership agreement with UAE-based CARACAL, a leading small arms manufacturer, for the development of a full portfolio of locally manufactured small arms for the Indian market, as well as for international export.
The agreement was signed during Defexpo 2022, which was inaugurated by Prime Minister Narendra Modi on Wednesday in Gujarat’s capital Gandhinagar.
At the signing, ICOMM chief Sumanth P said: “India’s defence industry is constantly evolving, in line with India’s Make in India and Atmanirbhar Bharat initiatives. ICOMM’s MoU with CARACAL (EDGE Group, UAE) is a step towards making the defence sector in India self-sufficient and self-reliant in light of the geopolitical shifts taking place throughout the world.”
“Under the ICOMM-Caracal cooperation, the complete line of small arms will be produced in ICOMM’s world-class design, development and manufacturing centre in Hyderabad. Presently, ICOMM is one of the large companies in the manufacturing of missiles and sub-systems, communications and EW systems, radars, electro-optics, composites, loitering munitions, shelters, and drone and counter-drone systems. Our entry into small arms is a proud moment for us.”
CARACAL CEO Hamad Alameri said, “Building partnerships and seeking valuable opportunities for collaboration in the Indian market is one of CARACAL’s key objectives, and we look forward to exploring these opportunities further with ICOMM, whose experience as an industry leader providing turnkey solutions across multiple sectors, including engineering and defence, complements CARACAL’s portfolio of advanced small arms.”
“Through our agreement to form a partnership, we can benefit from greater knowledge sharing, and can utilise our individual strengths, and our synergies, to reinforce our support of the overall ‘Make in India’ strategy,” Alameri added.