Basic HTML Version
MOTORINDIA
l
May 2012
55
high-tech defence solutions which
will enable the Mahindra Group to
become a leading defence systems
integrator in India.”
Said Brig (Retd) KA Hai, Chief
Executive, Mahindra Defence Sys-
tems: “This JV will enable Mahin-
dra Defence Systems to further lev-
erage its innovative solutions in the
maritime domain, enhance its prod-
uct offerings, and present it with
new avenues for growth. We intend
to further expand into air, land and
aerospace defence solutions”.
Maj Gen (Retd) Ilan Biran, Chair-
man, Rafael, said: “As part of our
global strategy, we form alliances to
develop military applications based
on our proprietary technologies, and
in Mahindra we see a lot of synergy
and opportunities for growth in new
markets, especially in India which is
a strategic market for us.”
Vice Admiral (Retd), Yadida
Yaari, CEO, Rafael, commented:
“We see Mahindra as an ideal part-
ner for expanding our business op-
portunities in India in sea, land and
air domains. We have supported and
will continue to support the Indian
Ministry of Defence in gaining tech-
nological superiority and excellen-
ce”.
w