The avionics joint venture between India-based Samtel Display Systems Ltd. and Thales Avionics has been officially incorporated, the companies announced last week.
Samtel Thales Avionics Ltd., which was announced in 2008 and will be based in Delhi, will develop, manufacture, sell and maintain indigenous Helmet-Mounted Sight and Display Systems and modern avionics systems for the Indian and export defense markets. Thales said the joint venture will be the foundation for all future Thales aerospace development in India.
“This is a key step for Thales in India and its ambitious development plan, actively encouraged by the Indian Defense Ministry,” said Yves Joannic, vice president in charge of Thales Avionics Helicopter activities and one of the directors of the new company. ”This joint venture with a national industry partner makes Samtel Thales Avionics Ltd. a very credible player for future programs.”