Tata's New Venture in Defense

Tata group of companies has recently marched towards it’s new venture by signing the memorandum of understanding with the Israel Aerospace Industries (IAI). The memorandum is that both these firms are going to manufacture all the defence materials such as missiles, radars, unnamed aerial vehicles, electronic warfare and security systems.

This involves 300 crore which is to be sourced from India. Ratan Tata believes that by this new deal, we can manufacture best rated quality defense products for India. So we Tata and IAI together can enhance the growth of defense department in India. This way Tata group of companies are helping our nation in the field of defense. This is indeed a great venture and I hope this deal comes out with great success.