India’s Mahindra and Mahindra (M&M) and UK’s BAE systems signed an agreement on November 30 to set up a joint venture (JV) with an initial investment of $21.25 million. The JV has already been approved by the Department of Foreign Investment Promotion Board earlier in the year. M&M has a 74 per cent stake in the JV, which will operate out of a facility in Faridabad, Delhi.
Initially employing about 100 employees, the JV is expected to manufacture the Axe high mobility vehicle, bulletproof Scorpios, Boleros, Rakshak, Rapid Intervention Vehicles and Marksman light armoured vehicles. It will also manufacture the Mine Protected Vehicle India (MPVI), the developmental process of which has been completed as well as artillery equipment like the M777 light weight howitzer and the FH77B howitzer
Brigadier(Retired) Sukhwindar Singh
http://www.svipja.com/
(A Global Solution for Offsets)
Credit: http://www.mahindra.com/
Initially employing about 100 employees, the JV is expected to manufacture the Axe high mobility vehicle, bulletproof Scorpios, Boleros, Rakshak, Rapid Intervention Vehicles and Marksman light armoured vehicles. It will also manufacture the Mine Protected Vehicle India (MPVI), the developmental process of which has been completed as well as artillery equipment like the M777 light weight howitzer and the FH77B howitzer
Brigadier(Retired) Sukhwindar Singh
http://www.svipja.com/
(A Global Solution for Offsets)
Credit: http://www.mahindra.com/
No comments:
Post a Comment