Mahindra, Ultra Electronics tie-up for defence play

Under the ‘Make in India’ initiative, the two companies plan to jointly build and supply new generation advanced systems.

Published - July 06, 2015 11:37 pm IST - MUMBAI:

Mahindra Defence Naval Systems, a part of Anand Mahindra-led Mahindra Group, has signed a memorandum of understanding (MoU) with Ultra Electronics of the U.K. to locally manufacture and supply highly specialised underwater warfare equipment for the Indian Navy and technologically advanced radios for the Indian Army.

The partners will participate in bids for various naval programmes as and when they come up for bidding. Under the ‘Make in India’ initiative, the two companies plan to jointly build and supply new generation advanced systems.

The partnership will also address the requirement of specialised radios for the Indian Army’s tactical communication systems.

“The Indian Navy has been importing a major part of underwater war fighting equipment from abroad to service its needs. We expect to provide cutting edge technology to the Indian Navy in this field in partnership with Ultra Electronics. We also expect to address the requirement of specialised radios and other defence electronics for all the three wings of the Armed Forces,” said S.P. Shukla, Group President, Aerospace and Defence Sector, Mahindra Group and Chairman Mahindra Defence Naval Systems, in a statement after signing the deal here.

Commenting on this partnership, Rakesh Sharma, CEO, Ultra Electronics, said, “This new partnership with Mahindra Defence Naval Systems, to deliver a range of advanced anti-submarine warfare capabilities to the Indian Navy, builds upon our existing collaboration in providing modern, software-defined tactical radios to the Indian Army. Together, these activities make the foundation of a strong and lasting relationship with the Mahindra Group.”

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