JCBL Group Signs India’s First Defence MoU with Slovakia

17 Apr 2025 CW Team

The first-ever Defence MoU between India and Slovakia was formalised during the official state visit of the Hon’ble President of India, Smt Droupadi Murmu, to Slovakia, accompanied by a high-level business delegation. This collaboration highlights India’s growing global role in advanced defence production.

Representing India’s industrial leadership on the global stage, Rishi Aggarwal, Managing Director, JCBL Group, participated as part of the President’s delegation. Speaking on the occasion, he said, “This partnership signifies more than just a business agreement. It represents a convergence of trust, technology, and transformation. It aligns with our core belief in the Make-in-India vision and strengthens India’s position as a global hub for defence innovation.”

Under this partnership, ADSL will play a pivotal role in the indigenous development and manufacturing of critical combat systems for light tanks, including Turrets, Active Protection Systems (APS), Remote-Controlled Weapon Systems (RCWS), and Human-Machine Interface (HMI) modules. All manufacturing will be conducted in India, reinforcing the goals of the Atmanirbhar Bharat initiative.

The collaboration is designed to foster technology transfer, operational excellence, and co-development of advanced combat platforms tailored for complex terrains and high-altitude environments. It also opens avenues for future defence exports by combining Slovakia’s technological expertise with India’s robust industrial base.

This strategic alliance showcases India’s growing stature as a self-reliant defence powerhouse, with ADSL and the JCBL Group playing an instrumental role in shaping India’s next generation of combat solutions.

Image source:manufacturingtodayindia

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

In a significant development for India’s defence manufacturing capabilities, Airbornics Defence & Space Pvt Ltd—the dedicated defence arm of the JCBL Group—has entered into a strategic partnership with Slovakia to co-develop and manufacture next-generation technologies for Light Tanks, Future Ready Combat Vehicles (FRCVs), and Future Infantry Combat Vehicles (FICVs). The first-ever Defence MoU between India and Slovakia was formalised during the official state visit of the Hon’ble President of India, Smt Droupadi Murmu, to Slovakia, accompanied by a high-level business delegation. This collaboration highlights India’s growing global role in advanced defence production. Representing India’s industrial leadership on the global stage, Rishi Aggarwal, Managing Director, JCBL Group, participated as part of the President’s delegation. Speaking on the occasion, he said, “This partnership signifies more than just a business agreement. It represents a convergence of trust, technology, and transformation. It aligns with our core belief in the Make-in-India vision and strengthens India’s position as a global hub for defence innovation.” Under this partnership, ADSL will play a pivotal role in the indigenous development and manufacturing of critical combat systems for light tanks, including Turrets, Active Protection Systems (APS), Remote-Controlled Weapon Systems (RCWS), and Human-Machine Interface (HMI) modules. All manufacturing will be conducted in India, reinforcing the goals of the Atmanirbhar Bharat initiative. The collaboration is designed to foster technology transfer, operational excellence, and co-development of advanced combat platforms tailored for complex terrains and high-altitude environments. It also opens avenues for future defence exports by combining Slovakia’s technological expertise with India’s robust industrial base. This strategic alliance showcases India’s growing stature as a self-reliant defence powerhouse, with ADSL and the JCBL Group playing an instrumental role in shaping India’s next generation of combat solutions.Image source:manufacturingtodayindia

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Infrastructure Urban

07 Jul 2026

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..