<h1>Listed rail major forms 51:49 defence-tech JV for India-based manufacturing of advanced weapons, AI systems, exports</h1> A listed rail technology manufacturer has entered a strategic joint venture with a private defence technology company to establish an exclusive India-based manufacturing platform for present and future defence-tech programs. The JV equity structure allocates 51% to the rail entity as strategic partner and 49% to the defence-tech entity as technology partner, ensuring domestic control while leveraging proprietary defence IP. The scope covers electronic warfare systems, directed energy weapons, AI-based autonomous defence solutions, high-precision components, advanced materials, and defence-grade integration and testing. The arrangement aligns with India's defence industrialisation and self-reliance policies, enhancing export potential, margins, and long-term sectoral diversification for the rail manufacturer.