Adux
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Kerala to have world-class missile facility soon
Wednesday June 27 2007 12:25 IST
T'PURAM : The state will soon have a worldclass missile development facility with the takeover of Kerala Hitech Industries Limited (Keltec) by BrahMos Aerospace.
Sources told this websites newspaper that the takeover of Keltec by BrahMos was under the active consideration of Union Defence Ministry. Industry Department officials agreed that a formal agreement for take over of Keltec could be expected soon.
In May 2007, a Defence delegation from BrahMos visited Keltec to conduct spot study and analyse the potential of the company. The delegation members collected information and further directions are awaited from the Ministry of Defence.
A joint venture company with 50.5 percent stakes with the Indian Government and 49.5 percent shares by the Russian Government, BrahMos manufactures Supersonic Cruise Missiles with conventional warhead that can be launched from submarines, ships, aircraft or land. These missiles are unique due to its 2.8 Mach supersonic speed with much longer strike range than other missiles. BrahMos has evinced its interest in the take over of Keltec and to develop it into a world-class missile facility with system integration and testing. A supplier of high precision strategic defence and space equipment for the Defence Research and Development Organisation (DRDO) and ISRO, Keltec looks forward for its technological upgradation.
According to the State GO dated March 22, 2007, the takeover of Keltec would attract initial additional investments of about Rs 200 crore to the state. The advanced missile development facility will be the first Defence production unit in Kerala.
The facility in conjunction with ISRO will generate tax revenue to the state.
http://www.newindpress.com/NewsItems.asp?ID=IEO20070627020356
Wednesday June 27 2007 12:25 IST
T'PURAM : The state will soon have a worldclass missile development facility with the takeover of Kerala Hitech Industries Limited (Keltec) by BrahMos Aerospace.
Sources told this websites newspaper that the takeover of Keltec by BrahMos was under the active consideration of Union Defence Ministry. Industry Department officials agreed that a formal agreement for take over of Keltec could be expected soon.
In May 2007, a Defence delegation from BrahMos visited Keltec to conduct spot study and analyse the potential of the company. The delegation members collected information and further directions are awaited from the Ministry of Defence.
A joint venture company with 50.5 percent stakes with the Indian Government and 49.5 percent shares by the Russian Government, BrahMos manufactures Supersonic Cruise Missiles with conventional warhead that can be launched from submarines, ships, aircraft or land. These missiles are unique due to its 2.8 Mach supersonic speed with much longer strike range than other missiles. BrahMos has evinced its interest in the take over of Keltec and to develop it into a world-class missile facility with system integration and testing. A supplier of high precision strategic defence and space equipment for the Defence Research and Development Organisation (DRDO) and ISRO, Keltec looks forward for its technological upgradation.
According to the State GO dated March 22, 2007, the takeover of Keltec would attract initial additional investments of about Rs 200 crore to the state. The advanced missile development facility will be the first Defence production unit in Kerala.
The facility in conjunction with ISRO will generate tax revenue to the state.
http://www.newindpress.com/NewsItems.asp?ID=IEO20070627020356
