Technical textile manufacturer Garware-Wall Ropes Ltd (GWRL) has signed an agreement with Israel's Aero-T to manufacture and supply advanced aerostats for Indian Defence.
Through a filing to the BSE, GWRL today announced signing of a memorandum of understanding (MoU) with Aero-T "showing intention to combine their capability for manufacturing and supply of advanced aerostats for Indian Defence".
"The intended cooperation will entail GWRL establishing an aerostat envelop production facility and Aero-T providing the technology... For aerostat development and production," it said.
GWRL CMD Vayu Garware said the MoU marks another step in the company's Make in India approach where the firm will be able to cater to the needs of the Indian Defence by providing completely indigenised aerostats backed by reliable delivery and maintenance support.
Aerostats are tethered balloons and are capable of operating at an altitude of 15,000 feet. Augmented with radars, aerostats have proved very effective for low-level ground surveillance, the company said.
Disclaimer: No Business Standard Journalist was involved in creation of this content
