Saturday, February 7, 2009

New Delhi: With the government stating that the global meltdown had not affected the defence industry, the Indo-French joint venture Samtel-Thales is planning to put up two stalls at the upcoming Aero India Show in Bangalore to display its latest products in the avionics sector.
“We would have on display some of the latest avionics systems including automatic equipment testing, multi function display (MFD) and helmet mounted display (HMD) as also other equipment which would provide complete solution in the avionics sector,” director of Samtel Group, Mr Puneet Kaura, said.
With the Indian defence industry expected to touch almost $100 billion in the coming 10 to 15 years, he felt the market would grow rapidly and “there was need for bigger players from India to take up a larger share of this pie”. The display of avionics equipment at the Aeroshow is part of the exercise by the Samtel group to project itself as a leading manufacturer. The IAF would be beginning trials for 126 aircraft in April-May. “The defence industry is quite insulated and though it had been dominated by public sector undertakings over the last few years Indian private companies have been playing a pivotal role. I think this is good for the country,” Mr Kaura told The Statesman.
The Samtel group had in May 2008 launched a joint venture with the leading French company Thales with plans of making products which would make India part of the global supply chain for civil and military avionics. What has apparently buoyed the company is the government’s plans to speed up the process of defence acquisition. Mr Kaura said “our target is to get 35% of the total supplies specially in regard to avionics as this is an important area for the Indian Air Force which is in the process of modernisation.”
06/02/09 The Statesman

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