Kalyani JV gets missile kits order

A joint venture of a Kalyani group firm and Israel’s Rafael Advanced Systems has secured a $100 million contract for manufacturing 1,000 Barak-8 MRSAM missile kits.

Kalyani Rafael Advanced Systems (KRAS), the joint venture, in which the Indian partner’s holding is 51% and the rest is with Rafael, will manufacture the kits at its production facility near Hyderabad and supply them to Bharat Dynamics for further integration. Eventually, the product will be used by the Indian Army and the Air Force.

India hands over pre-fabricated houses to Myanmar

India handed over 250 pre-fabricated houses to Myanmar in Maung Daw today for use of displaced returnees. 

External Affairs Ministry said in a release that India had taken up the project under its Rakhine State Development Programme under which 25 million dollars are allocated for a period of five years. 

Indian Ambassador to Myanmar Saurabh Kumar handed over the documents related to the houses for use of displaced returnees from Bangladesh.

BCC signs MoU with BRICS chamber to promote trade

The Bharat Chamber of Commerce, (BCC) and the BRICS Chamber of Commerce and Industry, New Delhi, signed an MoU on Tuesday for promoting trade and investments between the BRICS countries and the eastern part of India, in particular.

Members of the BRICS are Brazil, Russia, India, China and South Africa.