Caracal International,Selected For Carbines In Talks With Indian Defence Majors To Set Up Plant In India
The UAE government owned entity that has been selected for a contract to supply close quarter battle carbines on a fast track basis to army says that is in talks with major Indian defence players to set up manufacturing facilities from which it can source up to 60% of the components needed. The firm was selected to supply 93,895 new generation carbines for which army has been of the opinion that this procurement should go ahead as a fast track procurement due to urgent nature of requirement.
“We already have partners in India who are suppliers that can make more than 60% of the parts. They can make the samples as well as parts for us. So, when Caracal wants to move in India, we already have production suppliers and the relationship is there,” said Hamad Salem Al Ameri, CEO, Caracal international.
The executive conveyed that Caracal can move to a 100% Make In India in future if its govt owned intellectual property is assured to be protected.