December 22, 2025 4:43 PM
IOL signs pact with Safran to manufacture high-precision defence systems in India
In a major boost to the government’s Make in India initiative, India Optel Limited (IOL) has signed a collaboration agreement with Safran Electronics & Defense for the transfer of production of two high-precision, combat-proven defence systems for local manufacturing. The agreement marks a key step in strengthening India’s indigenous defence manufacturing capabilities, in line with the vision of Prime Minister Narendra Modi. Under the collaboration, IOL will manufacture the SIGMA 30N D...