ICOMM, CARACAL Collaborates for Co-production of Small Arms in India

“ICOMM will manufacture a complete range of small arms. That includes modern CMP 9 submachine guns, versatile EF pistols, CSR 50 anti-material sniper rifles, CAR 814, CAR 816 and CAR 817 tactical rifles, CSR 338 and CSR 308 bolt action sniper rifles, CAR 817 DMR tactical sniper rifle, and CSA 338 semi-automatic sniper rifle.”

ICOMM on Tuesday partnered with a UAE-based company CARACAL for the transfer-of-technology (ToT) for local manufacturing of arms for the domestic markets under the ‘Make in India’ initiative.

The ICOMM, a subsidiary of Megha Engineering and Infrastructures Ltd (MEIL) got this deal by signing a partnership and licensing agreement. 

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What ICOMM and CARACAL will Manufacture?

ICOMM will manufacture a complete range of small arms. That includes modern CMP 9 submachine guns, versatile EF pistols, CSR 50 anti-material sniper rifles, CAR 814, CAR 816 and CAR 817 tactical rifles, CSR 338 and CSR 308 bolt action sniper rifles, CAR 817 DMR tactical sniper rifle, and CSA 338 semi-automatic sniper rifle.

The deal between these companies signed at the ongoing IDEX 2023 Defence Exhibition in Abu Dhabi, UAE.

The CARACAL, UAE-based largest small arms manufacturer and supplier, which has been sourcing components for its manufacturing from Indian markets, has been in talks with the Indian company for the last few months for the co-production of small arms in the country.

It will make the CARACAL eligible to do business under Defence Procurement Procedure (DPP) 2020. 

Sumanth P, Chief of ICOMM, said, “India’s defence industry is on a strong path to develop its sovereign manufacturing capabilities. This agreement exemplifies the commitment shown by CARACAL to aid India’s ambitions towards making the defence sector self-sufficient.” 

The collaboration happened when the Indian Army had the most need of acquiring small arms and it was not being fulfilled.

The CARACAL-ICOMM tie-up will bring another player to the industry which has companies like SSS Defence, PSUs, PLR which is a joint venture between Adani Group and Israel Weapon Industries (IWI), and others.

Netflix and Microsoft are collaborating for Netflix’s ad-supported tier

Netflix, one of the leading companies among OTT platforms, is now going to collaborate with technology leader Microsoft for its upcoming ad-supported streaming tier. The American subscription streaming service and production company on their website said, “In April we announced that we will introduce a new lower priced ad-supported subscription plan for consumers, in addition to our existing ads-free basic, standard and premium plans. Today we are pleased to announce that we have selected Microsoft as our global advertising technology and sales partner.

Microsoft has the proven ability to support all our advertising needs as we work together to build a new ad-supported offering. More importantly, Microsoft offered the flexibility to innovate over time on both the technology and sales side, as well as strong privacy protections for our members.”

The Verge quoted their statement, “It’s very early days and we have much to work through,” Netflix COO Greg Peters writes in the post. “But our long term goal is clear. More choice for consumers and a premium, better-than-linear TV brand experience for advertisers. We’re excited to work with Microsoft as we bring this new service to life.”

Satya Nadella, CEO of Microsoft tweeted, “We’re thrilled Netflix has selected Microsoft as its advertising technology and sales partner. We want publishers to have more long-term viable ad monetization platforms, so more people can access the content they love wherever they are.”

 

The subscription

 

About the subscription to be offered Microsoft said, “At launch, consumers will have more options to access Netflix’s award-winning content. Marketers looking to Microsoft for their advertising needs will have access to the Netflix audience and premium connected TV inventory. All ads served on Netflix will be exclusively available through the Microsoft platform. Today’s announcement also endorses Microsoft’s approach to privacy, which is built on protecting customers’ information.

This is a big day for Netflix and Microsoft. We’re excited to offer new premium value to our ecosystem of marketers and partners while helping Netflix deliver more choice to their customers.”