New Delhi, Oct 20 (Agency) ICOMM, a group company of Megha Engineering & Infrastructures Ltd (MEIL) and a market leader in developing and manufacturing Missile and Sub-systems, Communications and EW systems, Electro-optics, Shelters, Composites, as well as other systems technology such as drone and counter drones, on Thursday signed a partnership agreement with CARACAL, a leading Small arms manufacturer and entity within EDGE Group, UAE, to develop products approved by the Indian Army. The agreement signed following a previous Memorandum of Understanding (MoU) / agreement with CARACAL, Hyderabad-based MEIL said in a statement here.
The agreement was signed at the ongoing DEFEXPO 2022, the Land, Naval and Homeland Security Systems Exhibition, in Gandhinagar, Gujarat. In line with Prime Minister Narendra Modi’s ‘Make in India’ initiative, ICOMM and CARACAL will partner and develop a complete portfolio of locally manufactured small arms for the Indian Defence forces and market for international export. At the signing, ICOMM Chief Sumanth P said,” 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, he said.
Presently, ICOMM is a one of the largest companies in manufacturing Missile and Sub-Systems, Communications & EW System, Radars, Electro-Optics, Composites, Loitering Munitions, Shelters, Drone & Counter Drone System. Our entry into the small arms is a proud moment for us, he added. Hamad Alameri, CEO of CARACAL, 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’,” Hamad added.