IZMO Limited, under its (proposed) wholly owned subsidiary company M/s Hughes Precision Manufacturing Limited, had announced that the Company has received the license to Manufacture and Proof Test Military Calibre Ammunition under the Arms Act, 1959 and the Arms Rules, 2016 from the Ministry of Home Affairs.

Mr. Sanjay Soni, Managing Director of IZMO Limited quoted that "They are the first company to receive the license to Manufacture and Proof test Military Calibre Ammunition under the Make in India’s initiative for defence manufacturing. India's current requirements on defence are catered largely by imports. With the inception of this opportunity for private players, it would open up new avenues for the Company and benefit them in the long run."