Israeli JV to Manufacture Drones in India
India’s Adani Enterprises and Israeli Elbit Systems formed a joint venture, Adani-Elbit Advanced Systems India Limited (AEASIL), on November 7, 2016 to work together in the field of unmanned aircraft systems in India. The Adani group will own 51 percent stake in the JV, while the Israeli company will hold 49 percent.
AEASIL will be channeled through Adani Aero Defense a subsidiary of the parent group, which will not only manufacture the UAVs, popularly known as drones, but also provide related maintenance, repair and overhaul services reports IHS Jane’s.
Posted on November 9th, 2016
by Gunjan Bagla
California-based management consultant Gunjan Bagla runs Amritt, a consulting firm helping American companies to succeed in India. Amritt is the trusted advisor for India market research, India business development, India market entry, Global Engineering, Global Technology Scouting, India R&D and Open Innovation.
Gunjan is author of "Business in 21st Century India: How to Profit Today from Tomorrow’s Most Exciting Market" (Hachette Book Group, 2008), Amazon's top rated title on the subject.
He has appeared as the India Expert on BBC Television, Bloomberg TV, Fox Cable Business and has been quoted in the New York Times, the Los Angeles Times, the Hollywood Reporter and Business Week for his expertise on India.