02 Apr '12, 12am

French firms focus on India

French firms focus on India

India's defense and aerospace needs and manufacturing capabilities are attracting the interest of European companies seeking to plumb its potential. Naval defense company DCNS of France, munitions-maker Nexter and Eurocopter this week have all touted operations and deals with India worth millions. DCNS announced that through its subsidiary, DCNS India, it has signed an agreement with India's SEC Industries to locally manufacture equipment for the Indian Navy's P75 Scorpene submarines. The deal, worth about $66.5 million, is for hull hatches, cofferdam doors, knuckle hoses, ballast vent valves, high-pressure air cylinders, weapon handling and storage systems. SEC will manufacture the equipment under a transfer-of-technology accord. Indian shipbuilder Mazagon Dock Limited will then integrate the equipment onboard the P75 Scorpene submarines. "The contract with SEC is part of...

Full article: http://www.spacewar.com/reports/French_firms_focus_on_Ind...

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