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Adani & Israel's Elbit form JV for unmanned aerial vehicles

The JV, in which Adani group will own 51% stake with remaining stake held by the Israeli firm, aims to manufacture unmanned aerial vehicles in India

Topics
Defence

BS B2B Bureau  |  Mumbai 

Adani Enterprises Ltd and Israel's Elbit Systems India Ltd have formed a joint venture company, Adani-Elbit Advanced Systems India Ltd (AEASIL), to manufacture unmanned aerial vehicles in India. While Adani group will own 51 percent stake in the JV, Israeli firm will hold the remaining stake. The formation of the JV follows the statement of intent signed by Adani Aero Defence Systems & Technologies Ltd, a wholly-owned subsidiary of Adani Enterprises, with Elbit-ISTAR and Alpha Design Technologies in March this year to work together in the field of unmanned aircraft systems (UAS) ...

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First Published: Tue, November 08 2016. 15:48 IST
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Adani & Israel's Elbit form JV for unmanned aerial vehicles

The JV, in which Adani group will own 51% stake with remaining stake held by the Israeli firm, aims to manufacture unmanned aerial vehicles in India

The JV, in which Adani group will own 51% stake with remaining stake held by the Israeli firm, aims to manufacture unmanned aerial vehicles in India Adani Enterprises Ltd and Israel's Elbit Systems India Ltd have formed a joint venture company, Adani-Elbit Advanced Systems India Ltd (AEASIL), to manufacture unmanned aerial vehicles in India. While Adani group will own 51 percent stake in the JV, Israeli firm will hold the remaining stake. The formation of the JV follows the statement of intent signed by Adani Aero Defence Systems & Technologies Ltd, a wholly-owned subsidiary of Adani Enterprises, with Elbit-ISTAR and Alpha Design Technologies in March this year to work together in the field of unmanned aircraft systems (UAS) ... image
Business Standard
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Adani & Israel's Elbit form JV for unmanned aerial vehicles

The JV, in which Adani group will own 51% stake with remaining stake held by the Israeli firm, aims to manufacture unmanned aerial vehicles in India

Adani Enterprises Ltd and Israel's Elbit Systems India Ltd have formed a joint venture company, Adani-Elbit Advanced Systems India Ltd (AEASIL), to manufacture unmanned aerial vehicles in India. While Adani group will own 51 percent stake in the JV, Israeli firm will hold the remaining stake. The formation of the JV follows the statement of intent signed by Adani Aero Defence Systems & Technologies Ltd, a wholly-owned subsidiary of Adani Enterprises, with Elbit-ISTAR and Alpha Design Technologies in March this year to work together in the field of unmanned aircraft systems (UAS) ...

image
Business Standard
177 22