
Partnerships / Joint VenturesFranceAutomatically collected — not independently verified
BEL and Safran to boost India's defence with local HAMMER munitions production
Business Today·17 Feb 2026 · 16:44 UTC
BEL and France's Safran will form a 50:50 joint venture to manufacture HAMMER precision-guided munitions in India. The initiative, taking shape after talks between PM Narendra Modi and Emmanuel Macron, seeks to advance India's defence manufacturing and reduce reliance on imports.
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