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Defence major Israel Aerospace Industries opens Indian subsidiary in Delhi

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Defence 28 Mar 2024 12:56 PM IST Business Standard

Israel Aerospace Industries (IAI) has established an Indian subsidiary in New Delhi; IAI made the announcement at this event. It stated that the launch of AeroSpace Services India (ASI) aligns with the Indian government's 'Make in India' and 'Atmanirbhar Bharat' policies.

"This also shows the commitment to a strong partnership between IAI and DRDO in developing and supporting advanced systems for the Indian armed forces," added the statement. The Medium Range Surface-to-Air Missile (MRSAM) system's "sole authorised OEM's Technical Representative" is AeroSpace Services India, according to the statement.

"IAI proudly presents itself as our first major milestone towards India's Atmanirbhar Bharat vision of self-reliance. India and Israel's partnership has witnessed state-of-the-art achievement. This growth and development will create history when our two nations foster IAI's technology and India's talent and expertise in the defence sector," said IAI's President and CEO Boaz Levy.

IAI boasts a workforce of approximately 50 employees, with 97% being Indian nationals. Headquartered in Delhi, IAI's strategically located branches extend its services across the entirety of the Indian subcontinent, reaffirming its commitment to nationwide coverage and customer satisfaction, it said.