IOL signs collaboration agreement with SAFRAN to manufacture two high-precision, combat-proven systems in India
India, Dec. 22 -- In a major milestone in the Make-in-India program envisioned by Prime Minister Shri Narendra Modi, India Optel Limited (IOL), a Mini Navratna Defence Public Sector Undertaking, has signed a collaboration agreement with Safran Electronics & Defense for Transfer of Production of two high-precision, combat-proven systems, paving the way for their local manufacturing. The systems are: SIGMA 30N Digital Ring Laser Gyro Inertial Navigation System, used in artillery guns, air defence systems, missiles and radars; and CM3-MR Direct Firing Sight, designed for artillery guns and anti-drone systems.The agreement was signed by CMD, IOL Shri Tushar Tripathi and Head of the Defence Global Business Unit for Safran Electronics & Defense M...
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