Current Affairs - Places - Discussion

India's first private sector missile sub-systems manufacturing facility, a joint venture between the $2.5 billion Kalyani Group and Israel's Rafael Advanced Defence Systems Ltd., was inaugurated near Hyderabad. It is formed in line with the 'Make in India' initiative of the Centre and the policy to encourage private sector participation in defence production, the 51:49 joint venture will develop a wide range of advanced capabilities.