Current Affairs - Business - Discussion

Nibe Group entered into a joint venture with Israel’s Elbit Systems on May 25, 2026, to establish India’s first private propellant manufacturing facility in Shirdi, Maharashtra. The collaboration aims to strengthen India’s defence manufacturing ecosystem under the “Make in India” and “Atmanirbhar Bharat” initiatives. The facility will produce key materials such as nitrocellulose, nitroglycerine, and various types of propellants including single, double, and triple base variants. Elbit Systems will provide technical expertise, while Nibe Group will manage investment and operations. The plant is expected to support advanced defence production, including artillery systems, missile technologies, rocket systems, and autonomous defence platforms, enhancing India’s strategic self-reliance.