ironman
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September 14, 2009
BAE Systems of the U.K has mobilized its plans to make a greater presence in India by designating India as its seventh home market. The leading global defence manufacturer BAE Systems will soon be setting-up joint ventures with local Indian firms.
BAE Systems has nominated Naresh Chandra, former cabinet secretary and Indian Ambassador to the US, and R C Bhargava, Chairman of Maruti Suzuki, as members of a newly constituted India Advisory Board. Chairman of BAE System, Richard L Olver said that their company will view India not as a market for import, but as a major home base with partners. BAE Systems intends to work with Indian companies and enable transfer of technology to India.
BAE Systems has reached the final stages of talks with Indian private firm Mahindra and Mahindra for setting up a joint venture for creating land systems, heavy armoured land vehicles and artillery equipment BAE is also eying private sector players for participation in its project for naval system. BAE also has a partnership with Wipro in which they work together in the USA, the UK and Hyderabad on engine management and flight control systems for the next generation of commercial aircraft. As for the public sector, BAE is working with state-owned Hindustan Aeronautics Limited in aerospace systems. BAE Systems has been working in India for over 60 years mainly in the aerospace sector in partnership with HAL. Together they have delivered over 1,000 aircraft to the Indian armed forces.
The last major defence deal by BAE in India was for the Air Force in 2004 for the sale of 66 Hawk advanced jet trainers (AJTs). The project was worth $1.75 billion. Although India is not satisfied with the pace of BAEs operation in India with respect to the Hawk deal, BAE Systems will continue to expand its operations in India. BAE has clarified that it has delivered its contractual obligations.
BAE Systems is looking for joint ventures in India not just from the perspective of Indian defence requirement, but to create critical technology and form ventures which would be mutually beneficial. The comprehensive nature of BAE Systems capabilities in land, sea, air and security domains makes future developments and partnerships a greater possibility. However, BAE feels that transfer of skills and technology is an essential component besides applying the knowledge and resources already available.
BAE Systems of the U.K has mobilized its plans to make a greater presence in India by designating India as its seventh home market. The leading global defence manufacturer BAE Systems will soon be setting-up joint ventures with local Indian firms.
BAE Systems has nominated Naresh Chandra, former cabinet secretary and Indian Ambassador to the US, and R C Bhargava, Chairman of Maruti Suzuki, as members of a newly constituted India Advisory Board. Chairman of BAE System, Richard L Olver said that their company will view India not as a market for import, but as a major home base with partners. BAE Systems intends to work with Indian companies and enable transfer of technology to India.
BAE Systems has reached the final stages of talks with Indian private firm Mahindra and Mahindra for setting up a joint venture for creating land systems, heavy armoured land vehicles and artillery equipment BAE is also eying private sector players for participation in its project for naval system. BAE also has a partnership with Wipro in which they work together in the USA, the UK and Hyderabad on engine management and flight control systems for the next generation of commercial aircraft. As for the public sector, BAE is working with state-owned Hindustan Aeronautics Limited in aerospace systems. BAE Systems has been working in India for over 60 years mainly in the aerospace sector in partnership with HAL. Together they have delivered over 1,000 aircraft to the Indian armed forces.
The last major defence deal by BAE in India was for the Air Force in 2004 for the sale of 66 Hawk advanced jet trainers (AJTs). The project was worth $1.75 billion. Although India is not satisfied with the pace of BAEs operation in India with respect to the Hawk deal, BAE Systems will continue to expand its operations in India. BAE has clarified that it has delivered its contractual obligations.
BAE Systems is looking for joint ventures in India not just from the perspective of Indian defence requirement, but to create critical technology and form ventures which would be mutually beneficial. The comprehensive nature of BAE Systems capabilities in land, sea, air and security domains makes future developments and partnerships a greater possibility. However, BAE feels that transfer of skills and technology is an essential component besides applying the knowledge and resources already available.
