Officials from CARACAL and ICOMM during the signing ceremony.
UAE-based small arms manufacturer and entity within EDGE, CARACAL has signed a partnership agreement with India’s leading engineering, procurement, and construction (EPC) company, ICOMM to develop a portfolio of locally manufactured advanced small arms for Indian defense forces as well as the exports market.
The agreement was signed during DEFEXPO 2022, the Land, Naval, and Homeland Security Systems Exhibition, which is being held in India until 22nd October.
As per the terms of cooperation, the complete line of small arms will be produced in ICOMM’s world-class design, development, and manufacturing center in Hyderabad, India.
Mr. Hamad Alameri, CEO of CARACAL, said that, “Building partnerships and seeking valuable opportunities for collaboration in the Indian market is one of CARACAL’s key objectives, and we look forward to exploring these opportunities further with ICOMM, whose experience as an industry leader providing turnkey solutions across multiple sectors, including engineering and defense, complements CARACAL’s portfolio of advanced small arms.”
Mr. Alameri further noted that “through this agreement, both entities can benefit from greater knowledge sharing and can utilize our individual strengths, and synergies, to reinforce our support of the overall ‘Make in India’ strategy.
ICOMM Chief Sumanth P noted that, “India’s Defense industry is constantly evolving, in line with India’s Make in India and Atmanirbhar Bharat initiatives. ICOMM’s MoU with CARACAL (EDGE Group, UAE) is a step towards making the Defense sector in India self-sufficient and self-reliant in light of the geopolitical shifts taking place throughout the world.”
“Under the ICOMM-CARACAL cooperation, the complete line of small arms will be produced in ICOMM’s world-class design, development, and manufacturing center in Hyderabad. Presently, ICOMM is one of the largest companies in manufacturing Missile & Sub-Systems, Communications & EW System, Radars, Electro-Optics, Composites, Loitering Munitions, Shelters, Drone and Counter Drone System. Our entry into the small arms is a proud moment for us,” Mr. Sumanth added.
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