Chemring Group PLC and Hinduja Group India announce that they are in advanced discussions to establish a defence joint venture based in India.

Chemring Group, an established supplier to the Indian armed forces, and Hinduja Group plan to develop a business to serve the Indian defence and security markets with the full range of Chemring products: countermeasures, electronic warfare, high energy materials, munitions, pyrotechnics and end of life ordnance destruction, with the transfer of appropriate technological capabilities. The joint venture will also look to local sourcing and seek to develop an indigenous manufacturing capability. The joint venture is expected to commence operations this year on receipt of the required regulatory approvals.