Cape Town - South African-based Defence and security company Saab Grintek Defence has signed an agreement with India’s Tata Power Strategic Engineering Division (Tata Power SED) as part of the "Make in India" programme that promotes defence trade manufacturing in India and creates new export opportunities for South Africa.
The Memorandum of Understanding (MoU), signed during Indian Prime Minister Narendra Modi’s visit to South Africa last week, reinforces the longterm potential for defence and security collaboration between India and South Africa.
Partnership discussions between the two companies commenced in March 2016, resulting in a collaboration that will serve the Indian market – as well as regional and global markets – with electronic self-protection systems for landbased platforms.
Trevor Raman, President and CEO at Saab Grintek Defence says: “We are excited about the signing of this MOU as it is our strategy to take South African indigenous technology and products beyond local markets with wellestablished expert partners who add value to our supply chain and open new markets. The transfer of technology for production of initial orders for Saab’s global customers have already commenced at Tata Power SED’s facility in Bangalore”.
The Memorandum of Understanding (MoU), signed during Indian Prime Minister Narendra Modi’s visit to South Africa last week, reinforces the longterm potential for defence and security collaboration between India and South Africa.
Partnership discussions between the two companies commenced in March 2016, resulting in a collaboration that will serve the Indian market – as well as regional and global markets – with electronic self-protection systems for landbased platforms.
Trevor Raman, President and CEO at Saab Grintek Defence says: “We are excited about the signing of this MOU as it is our strategy to take South African indigenous technology and products beyond local markets with wellestablished expert partners who add value to our supply chain and open new markets. The transfer of technology for production of initial orders for Saab’s global customers have already commenced at Tata Power SED’s facility in Bangalore”.