Monday, March 20, 2023
-Advertisement-
HomeBusinessICOMM signs first ever 'Transfer of Technology' agreement with UAE-based CARACAL

ICOMM signs first ever ‘Transfer of Technology’ agreement with UAE-based CARACAL

Published Date:

In India’s defence manufacturing growth story, ICOMM, a group company of Megha Engineering & Infrastructures Ltd (MEIL), has taken centre stage. On February 21, 2023, ICOMM signed a partnership and licensing agreement with UAE-based EDGE entity CARACAL for the first-ever Transfer of Technology (ToT) in defence articles. As per the agreement, ICOMM will locally manufacture CARACAL’s complete line of small arms for the Indian market under the ‘Make in India’ and Aatmanirbhar Bharat initiatives.

The signing took place at the ongoing IDEX 2023 in Abu Dhabi, UAE, one of the largest tri-service defence exhibitions in the world.

ICOMM will manufacture the full range of CARACAL small arms, including the versatile CARACAL EF pistol, modern CMP 9 submachine gun, CAR 814, CAR 816 and CAR 817 tactical rifles, CAR 817 DMR tactical sniper rifle, CSR 50 anti-material sniper rifle, CSR 338 and CSR 308 bolt action sniper rifles and the CSA 338 semi-automatic sniper rifle.

Sumanth P, Managing Director of ICOMM, said, “India’s Defence industry is on a strong path to develop its sovereign manufacturing capabilities. This agreement exemplifies the commitment shown by CARACAL to aid India’s ambitions towards making the defence sector self-sufficient.”

The Indian Government seriously took up the indigenisation of Defence manufacturing, allowing the private sector to manufacture weapons, breaking the age-old view to ensure no disruptions in the supply chain. Sumanth added, “Our entry into small arms production is a proud moment for us.”

CARACAL’s complete line of small arms will be produced in ICOMM’s world-class design, development and manufacturing centre in Hyderabad. ICOMM is one of the largest companies manufacturing missiles & sub-systems, communications & EW systems, radars, electro-optics, composites, loitering munitions, shelters, drone & counter-drone systems.

Hamad Al Ameri, CEO of CARACAL, said, “This strategically important signing with ICOMM for collaboration in the Indian market is a key objective for CARACAL. As India continues to realise its sovereign defence ambitions, we look forward to partnering with ICOMM, whose capabilities in providing end-to-end solutions across multiple sectors, including engineering and defence, compliments CARACAL’s portfolio of advanced small arms.

-Advertisement-

Fresh Stories

More like this

Introducing the all-new black editions of Maruti Arena models

As part of its forty-year anniversary festivities, Maruti followed...

Gizmore launches vogue: A smartwatch with a 1.95-inch display

Gizmore, a locally produced smart accessory manufacturer, debuted their...

OPPO Find X6 and X6 Pro design in full color before launch

OPPO Find X6 series will make its Chinese debut...

Asus ProArt Mouse: Long battery life for serious creatives

Taiwanese electronics manufacturer Asus debuted its ProArt mouse on...

Acer Ebii: Innovative AI-powered e-bike for urbanites

The ebii, an AI-powered e-bike with a single engine...

Huge savings! Get the iPhone 11 for only 14499

Even though the iPhone is now rather old, it...

Uploading WhatsApp voice status? Here’s how you can do it

Emoji reactions and a private audience picker are two...

Secure your Twitter account without breaking the Bank

A security feature called two-factor authentication (2FA) aids in...

Impact of ChatGPT over humans: OpenAI founder peaks

Sam Altman, the founder of ChatGPT and CEO of...

Salman Khan told to stay indoors following security threat

In an unexpected turn of events, the Lawrence Bishnoi...

Indian flag taken down at Indian High Commission in London, diplomat summoned

The Indian government on Sunday summoned the "senior-most" UK...

Kim’s words of warning: What does this mean for US?

North Korean leader Kim Jong Un has called for...

Unlock iPhone features with WhatsApp’s text detection

A new feature for iPhone users is being widely...

Realme GT Neo 5 SE unveils in style with 12GB RAM

New 5G smartphones are introduced to the market on...

Realme C55: India launch date, price and specs

Realme C55, a new C-series smartphone, will be introduced...

Unbelievable offer: Bajaj Pulsar worth lakhs just 8k!

The company's Bajaj Pulsar NS160 2023 STD motorcycle has...

Unveiling the upcoming Renault Duster: 2024 edition

Renault, a French automaker, is getting ready to unveil...

What makes Google camera 8.8 and Pixel 6 ultimate night sight duo?

The quicker and enhanced Night Sight feature, which came...

Sonali Kulkarni apologizes for ‘Indian girls are lazy’

Actress Sonali Kulkarni has received criticism for her remark...

Man forcibly pushes woman into car: Delhi’s Mangolpuri incident

A man was seen in a video punching a...