Pune-based Nibe Group inks ToT agreements with DRDO, MoU with global arms major 

A press statement from Nibe Group said, “Nibe Group signed various Technology Transfer (TOT) agreements with Defence Research and Development Organisation (DRDO) to enhance indigenous defence capabilities such as Anti-terrorist Vehicle (ATV), OPX Revelator which is an optronic explosive trace detector, laser photo-acoustic spectroscopy, 70T tank transporter, and shelter.” OPX Revelator is a device used to detect and identify pure explosives as well as trace explosives in mixtures, IEDs, contaminants like mud, sand, sugar, salt, diesel oil etc based on the principle of optical image processing.

The press statement further said, “Nibe Group entered into an MOU with Sig Sauer, a world-renowned firearms manufacturing company from the USA to establish a joint venture in India. The JV will focus on the indigenous manufacturing of small arms, aligning with India’s growing defence manufacturing capabilities. This partnership aims to enhance local production while reducing dependency on foreign imports.”

The statement further read, “NIBE Group also signed an MOU with HBE, a South Korean defence firm, to set up a state-of-the-art forging facility in India. This collaboration will bolster India’s manufacturing capacity by leveraging advanced forging technologies, contributing to the production of high-quality components for the defence and aerospace sectors, such as in Ammunition and Aeronautics.”

The release quoted chairman and managing director of NIBE Group, Ganesh Nibe, as saying, “Inspired by Chhatrapati Shivaji Maharaj’s leadership, NIBE aims to safeguard India’s interests and transform the country into a global manufacturing and technological powerhouse. Our goal remains fostering self-reliance in defence, aligning with the vision of Atmanirbhar Bharat of PM Narendra Modi, ensuring India’s defence forces have access to world-class, indigenous technology and solutions.”