Thales and Reliance Defence Limited to form Joint Venture
22 June 2017
Thales and Reliance Defence Limited announced today their intent to form an Indian Joint Venture (JV) with the proposed shareholding of 49% and 51% respectively.
Leveraging Thales offset commitment as part of Rafale Contract, the JV is to develop Indian capabilities to integrate and maintain Radar and Electronic Warfare sensors. The JV will develop skills and activity in the Special Economic Zone of Mihan-Nagpur together with an Indian supply chain for the manufacturing of microwave technologies and high performance airborne electronics.
Set up with a long term strategy to serve the Indian needs, this partnership between Thales and Reliance Defence Limited will strengthen the Prime Minister Narendra Modi “Make in India” vision.