Belrise Industries Limited entered into a cooperation pact with Israel-based Plasan Sasa to jointly pursue opportunities related to ATEMM (All-Terrain Electric Mission Module) platforms for the Indian defence market. The agreement establishes an exclusive framework for technical and business collaboration, with a focus on defence programmes and tenders issued by Indian government authorities.
The agreement has been executed for an initial period of three years and will be subject to annual performance evaluations based on mutually agreed key performance indicators.
Under the terms of the cooperation pact, Belrise Industries Limited and Plasan Sasa will jointly identify, pursue, and execute defence-related business opportunities, including those floated by the Ministry of Defence, public sector undertakings, and paramilitary forces. The agreement provides for exclusivity between the two parties within the defined scope of cooperation.
The collaboration also covers joint work on technical development, manufacturing processes, and capability building. The stated objective is to enable Belrise to develop capabilities as a supplier of sub-systems and systems within Plasan’s global supply chain, while supporting Plasan’s efforts to strengthen its presence in India. Joint participation in opportunities linked to the ATEMM platform is included, subject to applicable legal and contractual requirements.
“This partnership agreement represents a significant milestone in our journey to bring world-class defense technologies to India,” said Swastid Badve, Chief of Staff, Belrise Industries. “By combining Belrise’s manufacturing capabilities with Plasan’s innovation, we are confident in delivering solutions that meet the evolving needs of the Indian Armed Forces.”
“We are proud to partner with Belrise Industries, a company that shares our vision for innovation and excellence,” said Gilad Ariav, Vice President Marketing and Business Development, Plasan. “Together, we will not only serve India’s defense requirements but also strengthen our global supply chain with cost-effective production from India.”
Belrise Industries Limited is an Indian automotive systems manufacturer with a portfolio covering safety-critical systems and engineering solutions. The company operates 20 manufacturing facilities across India and reported revenues of more than INR 8 billion for the year ended March 2025. Plasan Sasa is an Israel-based provider of survivability and armour solutions for military vehicles and personnel, with products deployed in multiple international markets.
