€50 million project will boost ammunition manufacturing in India
India, Sept. 20 -- Foreign defence and aerospace companies have disclosed investments and industrial commitments running into hundreds of millions of dollars in India since 2014, with Belgian ammunition machinery specialist Lachaussee SA now moving into a segment that has traditionally remained heavily dependent on imported production equipment through a proposed €50 million ammunition manufacturing project with Mumbai-based Tembo Global Industries. Tembo Global Industries announced on September 7 that its subsidiary, Tembo Classic Engineering Pvt Ltd, had agreed with Lachaussee to establish a complete production facility in India for two types of ammunition, with deliveries of the machinery scheduled across 2028 and 2029. The propo...
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