State-owned Indian company Bharat Electronics Limited (BEL) and French group Thales have established a joint venture in India to design, develop and manufacture radar systems for defence and civilian applications.
BEL said in a statement to the Bombay Stock Exchange on 3 September that the JV - named BEL-Thales Systems Limited - was incorporated in late August.
The JV is expected to support India's purchase of the Dassault Rafale, which was selected to fulfil the country's medium multi-role combat aircraft (MMRCA) requirement in January 2012.
The JV will be Thales's fourth in the Indian market. Thales has existing JVs with Samtel to produce helmet-mounted sight and display systems, and with Rolta to develop C4ISR systems.