Nibe-Elbit JV for propellant manufacturing in India
Why in the news
An Indian private group tied up with an Israeli defence firm to make propellants locally, in line with the push for domestic defence production.
Key facts
- Partners: Nibe Group and Israel’s Elbit Systems.
- Plan: advanced facilities for propellants and energetic materials in India.
- Products: Nitro Cellulose, Nitro Glycerine and several propellant bases.
- Policy fit: Make in India and Atmanirbhar Bharat.
Second deal
- Nibe Aeronautics signed a Letter of Intent (LoI) with De Havilland Canada.
- Subject: procurement of Twin Otter amphibious aircraft, meant to aid regional connectivity.
Exam angle
- Keywords: JV, energetic materials, Make in India, Atmanirbhar Bharat.
- Foreign partner: Elbit Systems (Israel).
- Aircraft LoI: Twin Otter with De Havilland Canada.