Navratna Defence
Public Sector Undertaking Bharat Electronics Limited (BEL) and Thales announce
that the Ministry of Corporate Affairs, Government of India, has approved the
incorporation of their joint venture company, BEL-THALES Systems Limited, in
late August this year. This joint venture (JV) Company will primarily focus on
the design, development, marketing, supply and support of civilian and select
defence radars for India and the global markets. The first board meeting of
BEL-THALES Systems Limited took place on Friday 26 September.
BEL holds a 74 % stake while
Thales holds 26% of the equity in the JV Company. The initial product portfolio
of BEL-THALES Systems Limited will comprise innovative solutions for air
surveillance, including Air Traffic Management radars, and select ground-based
military radars. The ultimate objective of the JV is to expand its scope in other
fields than radars, in the defence electronics domain.
BEL-THALES Systems will seek
to work closely with Government laboratories and the Indian industry and will
consequently become a decisive contributor for innovation in various fields of
defence electronics.
Expressing his confidence in
this JV, S. K. Sharma, Chairman and Managing Director of BEL, said, “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.”
Commenting on the joint venture,
Eric Lenseigne, Managing Director of Thales in India, said, “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. 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.”
About Bharat Electronics Limited (BEL)
BEL was established in
Bangalore, India, by the Government of India under the Ministry of Defence in
1954 to meet the specialized electronic needs of the Indian defence services.
Over the years, it has grown into a multi-product, multi-technology, multi-unit
company serving the needs of customers in diverse fields in India and abroad.
BEL offers products and services in a wide spectrum of technology like Radars,
Military Communications, Naval Systems, Electronic Warfare Systems, C4I
Systems, Telecommunications, Sound and Vision Broadcasting, Electro Optics,
Tank Electronics, Solar Photovoltaic Systems, Embedded Software and Electronic
Components. With its expertise developed over the years, the company also
provides turnkey systems solutions. For more information, visit www.bel-india.com
About
Thales
Thales is a global technology leader in the Aerospace,
Transportation and Defence & Security markets. In 2013, the company
generated revenues of € 14.2 billion with 65,000 employees in 56 countries. With
its 25,000 engineers and researchers, Thales has a unique capability to design,
develop and deploy equipment, systems and services that meet the most complex
security requirements. Thales has an exceptional international footprint, with
operations around the world working with customers and local partners. For more
information please consult: www.thalesgroup.com
Thales
Pawandeep Kaur, Thales India
Pawandeep Kaur, Thales India
Communication
Manager
+91
11 665 10 430
Chase India
Krishna
Moorthy – 9442191717
Avian
Media, Chennai
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