A look at JVs, MoUs and other major announcements from Aero India 2017
 
Force Magazine - National Security and Aerospace Newsmagazine
Loading
    
  
 
 
Force Magazine

To Make in India

A look at JVs, MoUs and other major announcements from Aero India 2017

A FORCE Report
 

As the Indian government finalises the strategic partnership agreement under the revised Defence Procurement Procedure (DPP), the industry — global and local, public and private sector — looks at the upcoming opportunities in the defence manufacturing sector. It is for this reason the current edition of Aero India has witnessed a record number of announcements mainly from the global companies announcing their intentions to partner with the Indian private companies.

Several Joint Ventures (JV) were announced and many more Memorandum of Understanding (MoUs) signed during the show. It is relevant to note that MoUs are only expressions of interest (unlike JVs which are legally binding). While many MoUs may not translate into actual investments, the effort to make in India certainly counts at the stage.

L&T and MBDA JV
Larsen & Toubro (L&T) and MBDA have set up a joint venture (JV) to develop and supply fifth generation Anti-Tank Guided Missiles (ATGM5s) missiles for Coastal Batteries and high speed target drones. Based on the MBDA’s MMP (tripod mounted missile that will be delivered to the French Army beginning 2017 as a Milan and Javelin replacement), the companies will develop and manufacture a missile fully specified to local operational requirements with regard to launch platform, range and warhead type. Both companies have previously collaborated and partnered on co-development and production of major subsystems involving complex technologies and sophisticated weapon systems such as MICA missile launchers and airframe segments including control actuation units for Indian MoD orders.

Antoine Bouvier, chief executive officer, MBDA, said: “Our business strategy in India has always focused on forming partnerships at the deepest level, not just with the armed forces but also with Indian industry. The setting up of this JV is a natural progression of our partnership strategy. With L&T, I am convinced that we have found the ideal Indian partner”. A.M. Naik, the group executive chairman of L&T said, “We have been trusted partners to Defence Research and Development Organisation (DRDO) and the Indian Navy, delivering complete weapon systems and platforms, command control and sensor systems, designed, developed and manufactured in India for over three decades. Over this period, we have worked closely with ministry of defence and its different arms in jointly developing and delivering cutting-edge defence solutions”.

MBDA’s CEO Antoine Bouvier with L&T’s group executive chairman A.M. Naik
MBDA’s CEO Antoine Bouvier with L&T’s group executive chairman A.M. Naik

 
 
[View Full Story]
Comments(0) Share


 
© 2017 FORCE ARROWHEAD MEDIA PVT. LTD. All Rights Reserved.