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Thales, Bharat Electronics form joint venture to expand defence domain

Posted: 14 Oct 2014     Print Version  Bookmark and Share

Keywords:defence  electronics  joint venture  Thales 

Bharat Electronics Limited (BEL) entered into a joint venture with French tech solutions company Thales to design and develop defence radars. The Ministry of Corporate Affairs approved the incorporation of the partnership, BEL-THALES Systems Limited, last August.

Bengaluru-based BEL holds a 74 per cent stake while Thales holds 26 per cent of the equity in the company. The initial product portfolio of BEL-THALES Systems Limited will comprise innovative solutions for air surveillance, including air traffic management radars as well as select ground-based military radars, but the joint venture plans to eventually expand its scope in other fields in the defence electronics domain.

Experts are currently pushing for a stronger public and private partnership to advance the defence sector in view of the rapidly growing electronic system and design and manufacturing (ESDM) ecosystem in aerospace and defence. (Read the rest of the article: India primed for growth in defence electronics)

The joint venture said it will work closely with government laboratories and the industry here, and will consequently become a decisive contributor for innovation in various fields of defence electronics.

"We have always valued our partnership with Thales. We are confident that our JV Company will benefit from the significant technology transfers and support from Thales, and from the extensive industrial and design skills of BEL," said S.K. Sharma, chairman and managing director of BEL.

"The incorporation of this joint venture company marks an important milestone in our 60 year-old association with BEL, and takes it to the next level," said Eric Lenseigne, managing director of Thales in India. "We will constantly support BEL-Thales Systems to become a centre of excellence, offering solutions specifically aimed at meeting the needs of both Indian and export customers – in line with the government's 'Make in India' approach."

- Jasmine Solana
  EE Times India





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