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Walchandnagar Industries to enter into a JV Arrangement with DCNS, France Print E-mail
Written by Anand   
Wednesday, 31 March 2010
Mumbai: Walchandnagar Industries Ltd proposes to enter into a Joint Venture Arrangement with DCNS, France for manufacturing of mechanical components for Submarines & other naval applications. A Memorandum of Understanding (MoU) to this effect has been signed in February and the details of the intended Joint Venture are being worked out.

Patrick Boissier, Chairman and Chief Executive Officer of DCNS said that Walchandnagar Industries would be one of it's main partners in India.

He said that the proposed joint venture with Walchandnagar Industries, would be aimed at first addressing the indigenous market, and at a later stage, the export market.

The Scorpene submarines, built by DCNS jointly with Navantia of Spain, are being exported to Chile, Malaysia, India and Brazil. Patrick Boissier said that DCNS was looking at developing a strong export market.

DCNS Group is in charge of a contract for the transfer of technology of Scorpene submarines to Mazagon Dock Ltd (MDL) shipyard. Six Scorpene submarines will be delivered by 2018 under P75 Indian Navy's project.

Boissier said that the company which was Europe's leading company in ship building , off shore patrol vessels and Submarine manufacturing and valued at Euros 2.5 billion had signed an MOU with WIL last year manufacturing of critical technical parts for Scorpene submarines for the Indian Navy. The 6 diesel operated Scorpenes are being manufactured in India at Mazgaon.

Walchandnagar Industries was identified for the project after we scouted for strategic partners and we were convinced that they would provide us the with High level technology for critical manufacturing components, he said.

"Talking about our future plans is premature , but it is possible in the long term to work with Walchandnagar Industry for world markets after our project in India is completed as we have a 30 % market share in Submarine manufacturing ", he added.

DCNS India, a wholly-owned subsidiary of DCNS group, will contribute to this technology transfer by providing consultancy and technical assistance services and by helping to source and qualify Indian suppliers for submarine components and equipment.

The announcement to this effect was made on March 30, 2010 at Walchandnagar in a joint press conference addressed by Mr. Chakor L. Doshi, Chairman of WIL and Mr. Patrick Boissier, Chairman and Chief Executive Officer of DCNS, France.

The "Vinod Doshi Technology Center" and the statue of Seth Vinod.L.Doshi, Former Chairman Emeritus of Walchandnagar Industries Ltd, were unveiled by Dr.Anil Kakodkar, Former Chairman of Atomic Energy Commission of India and Secretary to Dept of Atomic Energy Govt of India at Walchandnagar today.

Dr.Anil Kakodkar said that it was the vision of Vinod Doshi and his tenure which was responsible for Walchandnagar's foray in to many High Tech sectors catering to the Aerospace, Nuclear & Defense requirement of India. He said that the Energy requirement of the country was growing day by day and we need to make optimum use Hydro and Nuclear energy. India has indigenous technology to manufacture fast nuclear reactors and we should now work to meet our energy supply demands through nuclear energy, he said.

Last Updated ( Thursday, 01 April 2010 )
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