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hey guys,great news here,bharat electricals limited is to manufacture israeli designed medium ranged night vision devices for the indian army.
here check out this link and article:
http://www.deccanherald.com/deccanherald/feb232007/national2247222007222.asp
Within six months of receiving the Navratna status, Bharat Electronics Ltd (BEL) is likely to enter in a joint venture with Israeli major, Elop, for manufacturing medium range night vision devices.
Meant for infantry soldiers, these devices will enable soldiers to see clearly in the night up to a distance of one to three km. The demand for such indigenous devices is increasing among the paramilitary forces too.
Though a MoU with the Israeli firm was inked during the recently concluded Air Show in Bangalore, the details of the joint venture and business plans would be worked out in the next six months, BEL’s chairman and MD V V R Sastry told Deccan Herald here.
The Bangalore-based defence PSU will spruce up its research centres in Bangalore and Ghaziabad as well as the manufacturing plants in Machhlipatnam for joint development and production of these devices. BEL’s joint ventrue is first of its kind as earlier ones were only technology transfer from foreign vendors.
Night vision devices, currently available in the market, can be categorised into two groups. The better ones capable of maintaining a vigil up to a distance of 10 km require to be kept in an artificially cooled environment while the one that works in room temperature can see only up to a distance of 1.5 km.
“The one, to be developed in the JV, will have a range of one-three km. This will fill in the gap for a medium range night vision device,” Mr Sastry said.
Elop is a subsidiary of Elbit, an Israeli firm that specialises in optics and electronics.
Asked about the quanta of investment and production targets, Mr. Sastry refused to divulge the details.
Pact with Boeing
Opening up more business avenues, BEL is about to sign an agreement with Boeing for contract manufacturing and offset implementation for the global aviation major. Boeing is one of the companies eyeing the much-awaited order from Indian Air Force to procure 126 multi role fighter aircrafts.
If Boeing gets the deal, the US company will need to plough back 30 per cent of the roughly six billion dollar deal as defence offset for encouraging the domestic manufacturing sector. In such a case, BEL will be a major beneficiary. Also, BEL intends to take up contract manufacturing assignments from Boeing.
“The deal would have been inked during the air show. But our lawyers could not meet then. The discussions are now going on and the deal will be signed soon,” Mr Sastry said. The company has also established relationships with global players like Northrop Grumman and Lockheed Martin.
The company that expects a turnover of approximately Rs 4,000 crore in 2006-07, presented a cheque of Rs 24,27,58,400 towards interim dividend for the current fiscal to Defence Minister A K Antony here on Wednesday.
here check out this link and article:
http://www.deccanherald.com/deccanherald/feb232007/national2247222007222.asp
Within six months of receiving the Navratna status, Bharat Electronics Ltd (BEL) is likely to enter in a joint venture with Israeli major, Elop, for manufacturing medium range night vision devices.
Meant for infantry soldiers, these devices will enable soldiers to see clearly in the night up to a distance of one to three km. The demand for such indigenous devices is increasing among the paramilitary forces too.
Though a MoU with the Israeli firm was inked during the recently concluded Air Show in Bangalore, the details of the joint venture and business plans would be worked out in the next six months, BEL’s chairman and MD V V R Sastry told Deccan Herald here.
The Bangalore-based defence PSU will spruce up its research centres in Bangalore and Ghaziabad as well as the manufacturing plants in Machhlipatnam for joint development and production of these devices. BEL’s joint ventrue is first of its kind as earlier ones were only technology transfer from foreign vendors.
Night vision devices, currently available in the market, can be categorised into two groups. The better ones capable of maintaining a vigil up to a distance of 10 km require to be kept in an artificially cooled environment while the one that works in room temperature can see only up to a distance of 1.5 km.
“The one, to be developed in the JV, will have a range of one-three km. This will fill in the gap for a medium range night vision device,” Mr Sastry said.
Elop is a subsidiary of Elbit, an Israeli firm that specialises in optics and electronics.
Asked about the quanta of investment and production targets, Mr. Sastry refused to divulge the details.
Pact with Boeing
Opening up more business avenues, BEL is about to sign an agreement with Boeing for contract manufacturing and offset implementation for the global aviation major. Boeing is one of the companies eyeing the much-awaited order from Indian Air Force to procure 126 multi role fighter aircrafts.
If Boeing gets the deal, the US company will need to plough back 30 per cent of the roughly six billion dollar deal as defence offset for encouraging the domestic manufacturing sector. In such a case, BEL will be a major beneficiary. Also, BEL intends to take up contract manufacturing assignments from Boeing.
“The deal would have been inked during the air show. But our lawyers could not meet then. The discussions are now going on and the deal will be signed soon,” Mr Sastry said. The company has also established relationships with global players like Northrop Grumman and Lockheed Martin.
The company that expects a turnover of approximately Rs 4,000 crore in 2006-07, presented a cheque of Rs 24,27,58,400 towards interim dividend for the current fiscal to Defence Minister A K Antony here on Wednesday.