Thales and Bharat Elec­tron­ics form joint ven­ture

SP's MAI - - CORPORATE NEWS -

Navratna de­fence pub­lic sec­tor un­der­tak­ing the Bharat Elec­tron­ics Limited (BEL) and Thales have an­nounced that the Min­istry of Cor­po­rate Af­fairs, Gov­ern­ment of In­dia, has ap­proved the in­cor­po­ra­tion of their joint ven­ture ( JV) company, BEL-Thales Sys­tems Limited, in 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 BELThales Sys­tems Limited took place on Septem­ber 26.

BEL holds a 74 per cent stake while Thales holds the rest. 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 the 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.”

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.”

2D Low Level Light Weight Radar (Bha­rani)

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