Companies news
French company Thales to put $1.2 billion in India over 5 years
French aerospace and defence major Thales Group is betting big on India — especially the emerging drone space here
NEW DELHI: French aerospace and defence major Thales Group is betting big on India — especially the emerging drone space here — and has decided to invest a billion euros (about $1.2 billion) in the country over the next five years. Its drone offerings — that range from manufacturing to traffic management and countering rogue drones — will account for a significant part of this planned mega investment.
India currently has 6 lakh drones, a number that the French major expects will rise at least six times in 5-8 years.
“Our solutions allow civil and military aviation authorities to detect — even without data transmission — and verify a drone’s registration number, identify its pilot, and confirm its flight authorisation, all in a few seconds. By the same time, to cope with unexpected or non-registered drones, detection and classification are the first steps before engaging a graduated response. Ashish Saraf, Thales India Vp & country director told TOI
Source : The Times of India
