Punj Lloyd has reportedly entered into collaboration with Israel Weapon Industries (IWI) to manufacture small weapons under a complete technology transfer arrangement. This is the first opportunity for the country to get its own ‘Made in India’ small arms. The need of the hour is to replace the country’s defence weapons with sophisticated and high precision products.
The plant will manufacture small weapons like the Tavor assault rifle with bullpup configuration. This is already in use by special forces in the country.
Punj Lloyd is a diversified international conglomerate offering EPC services in Energy and Infrastructure along with engineering and manufacturing capabilities in the Defence sector.