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Home arrow News arrow Alliances and Joint Ventures arrow Finmeccanica scouts for industrial partnerships with Indian companies
Finmeccanica scouts for industrial partnerships with Indian companies Print E-mail
Written by Arjun   
Friday, 11 February 2011
Bangalore: Finmeccanica, an Italian group with companies in aerospace, defence, security, energy and transport, is looking at establishing new partnerships with government and private players to expand its base in India.

As a part of the growth strategy for the Indian market, Finmeccanica wants to adapt the approach of anticipating new programs and then seeking early involvement through transfer of technology and capabilities by creating strong synergies with the partners.

"Indian Ministry of defence’s current agenda to expand the defence industrial base, encourage indigenous defence production and reduce defence imports is commendable as that will ensure India faster approaching towards indigenisation.  India is a key country for us, we seek preferred partnership and we want to expand our presence by showing our technologies with  the capabilities of local partners," said Giorgio Zappa, COO, Finmeccanica.

Finmeccanica has been present in India for over 40 years operating in the Indian region.

In the last four decades Finmeccanica has developed  long term relationships with Indian partners and participated in many pioneering projects, including supplying radar and communications systems, military and civil helicopters, civil aircrafts and naval systems.

Finmeccanica currently has significant partnerships with key public companies such as Bharat Electronic Limited (BEL), Bharat Heavy Electrical Limited (BHEL), Hindustan Aeronautics Limited (HAL) and Bharat Dynamics Limited (BDL) as well as with private companies such as Tata Sons and HCL. It continues to strengthen existing partnerships by value additions and constant upgradation and establishing new partnerships thereby contributing to increasing self reliance of the defence industry. Finmeccanica is also looking forward to joint development projects with DRDO and other R&D labs.

Oto Melara, a company of the Finmeccanica group, involved in the design and production of small and medium calibre naval guns, and BHEL are producing a 76 mm naval gun. The Indian Navy has appointed Bhel as the production agency the 127 mm large calibre gun.

Ansaldo STS India, a company of the Finmeccanica group, employs close to 280 people in India and provides signalling and control technology for the railways.

Finmeccanica also has an important collaboration with BDL for torpedo counter-measure technology.

Last year the company received orders exceeding $ 700 million from India. This includes an order for 12 VVIP helicopters.

 
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