Solar Industries India, one of the fastest growing company in defence manufacturing, has announced a strategic partnership with with Eurenco, the European leader in high-energy materials for explosives and propellant technologies, on Tuesday.
As per media reports, this tie-up is aimed at supplying propellants, transfer of technology projects and to a common offer for the Bi-Modular Charge System (BMCS) project in India. The two companies has signed the partnership agreement during the Eurosatory 2018 exhibition.
SOLAR and EURENCO signed a preliminary Memorandum of Understanding (MoU) as far back as July 2016 to evaluate various cooperation options, including the BMCS project. With the strong will to reinforce their cooperation to address the Indian Army’s needs and future developments including export options, the two companies today confirmed the strategic partnership for the supply of Propellants, Bombs, Ammunition filling and Modular Charges technologies under the “Make in India” policy for the private sector.
SOLAR is willing to build dedicated infrastructure facilities with the technical assistance of EURENCO on its explosive and propellant facilities in Nagpur, India. The new facilities will include Propellant Plants, one of the key components of Modular Charges, Bombs and Ammunition filling capabilities.