Thales, Bharat Electronics Joint Venture in India

摘要

Navratna1 Defence Public Sector Undertaking Bharat Electronics Ltd (BEL) and Thales announced that the Ministry of Corporate Affairs, government of India, has approved the incorporation of their joint venture company, BEL-Thales Systems, in late August this year. This joint venture 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 Ltd took place on Sept 26. BEL holds a 74% stake while Thales holds 26% of the equity in the joint venture company. The initial product portfolio of BEL-Thales Systems Ltd will comprise innovative solutions for air surveillance, including air traffic management radars, and select ground-based military radars. The ultimate objective of the joint venture is to expand its scope in other fields than radars, in the defence electronics domain.