Sunday, November 20, 2011

Indian-U.S. Joint Venture To Produce Radar, Surveillance Systems

NEW DELHI - India's automobile maker Mahindra & Mahindra has forged a joint venture with U.S. aviation communications equipment major Telephonics to produce radars, surveillance systems and communications solutions for the Indian military and civilian use.
Mahindra & Mahindra already has a joint venture with the U.K.'s BAE Systems to build a variety of military vehicles in India.
In the Telephonics joint venture, Mahindra & Mahindra will hold 74 percent equity and the U.S. company 26 percent, said Khutub Hai, chief executive of Mahindra Defence Systems, the defense arm of Mahindra & Mahindra.
Under law, an overseas defense company can have no more than 26 percent equity in a joint venture in defense, and a request for approval of the venture will be made to the government this month, Khutub said.
Apart from the radars, surveillance systems and friend-or-foe identification systems, the joint venture will manufacture air traffic management services, and equipment for homeland security and other emerging surveillance requirements.

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