Finmeccanica, the Italian group with leadership 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.
Finmeccanica has been present in India for over 40 years operating in the Indian region where company has a success story to share. 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.
Speaking about the Indian defence market, Giorgio Zappa, COO, Finmeccanica, said, “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.”
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.
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