Thales to form Indian joint venture
India’s ‘Make in India’ initiative has chalked up a new success, with Thales and Reliance Defence Limited announcing their intent to form an Indian Joint Venture (JV).
Thales will hold 49 percent of the JV, with Reliance to hold the remaining 51 percent.
As part of Thales’ Rafale offset commitments, the JV will develop Indian capabilities to integrate and maintain radar and electronic warfare sensors. This will include the development of skills and activity in the Special Economic Zone of Mihan-Nagpur together with an Indian supply chain for the manufacturing of microwave technologies and high performance airborne electronics.
Patrice Caine, chairman and CEO, Thales, said: ‘We are delighted to seal this strategic collaboration with Reliance Defence Limited. This JV resonates with our strategy to strengthen our industrial footprint in the country by building collaborations with the Indian industry. It reaffirms our commitment to India, and our active contribution to ‘Make in India’.’
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