NIBE Ltd Announces Licensing Agreement with VRDE for Manufacturing and Selling Anti-Terrorist Vehicle in India

NIBE Ltd has announced that it has entered into a Licensing Agreement with Vehicles Research and Development Establishment (VRDE), Ahmednagar, Defence Research and Development Organisation (DRDO), Ministry of Defence, Government of India for the transfer of technology to manufacture and sell Anti-Terrorist Vehicle (ATV) in India to the Indian Armed Forces and other Government Agencies. The agreement is only for the manufacture and sale in India for the specified end use.