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**Nautilus** · 08-19-2012, 04:01 PM

Bharat Electronics (BEL), Thales India and its parent have inked a 3 way JV to produce civil and military radars in India. With Rs 60 crores investment, BEL will pitch in 75% (Rs 40-45 crores). BEL has been producing DRDO LRDE developed Battlefield Surveillance Radar and the Weapon Locating Radar.

BEL’s radars business is around Rs 1,000 crore in a defence-led business totally worth almost Rs 6,000 crore for fiscal 2011-12. In 2009, he had predicted that the domestic radar market would grow to Rs 40,000 crore this decade.

08-19-2012, 04:01 PM	#1
Nautilus Join Date Oct 2005 Posts 446 Senior Member	BEL - Thales JV for producing radars Bharat Electronics (BEL), Thales India and its parent have inked a 3 way JV to produce civil and military radars in India. With Rs 60 crores investment, BEL will pitch in 75% (Rs 40-45 crores). BEL has been producing DRDO LRDE developed Battlefield Surveillance Radar and the Weapon Locating Radar. BEL’s radars business is around Rs 1,000 crore in a defence-led business totally worth almost Rs 6,000 crore for fiscal 2011-12. In 2009, he had predicted that the domestic radar market would grow to Rs 40,000 crore this decade.
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