labels: industry - general
Raytheon in tie-up talks with Indian companiesnews
19 July 2006

Mumbai: Fresh from the successful testing of Gagan, the satellite-based navigation system being jointly developed by the Indian Space Research Organisation (ISRO) and US defence major Raytheon, the US company is probing fresh tie-ups with Indian companies.

The $22-billion US defence firm is now actively holding talks with both public and private sector companies in India to develop state-of-the-art electronics surveillance systems and possible missile defence on a partnership basis.

"We are talking to many Indian companies, including the PSUs, on possible partnerships to develop defence-related equipment in India," Torkel Patterson, president of Raytheon International, said on the sidelines of the Farnborough International Air Show in London.

With seven divisions, Raytheon produces more than 7,000 defence-related products. And, with the US government encouraging increased defence cooperation with India, Raytheon wants to enter the Indian market in a big way.

"Time has come to work with the Indian companies for the benefit of both countries," Patterson said adding, once the Indo-US nuclear deal sails through, it would herald a new era in bilateral relations, especially in defence.

The company has already held discussions with the Tata group, Larson & Toubro Ltd and public sector Defence Research and Development Organisation (DRDO) and Indian Space Research Organisation (ISRO).

Raytheon is keen on selling its expertise in satellite communications, tactical and civil communications and surface launched missiles. Though Raytheon has been maintaining its presence in India for more than six decades, the recent developments in Indo-US defence co-operation and the nuclear deal seems to have added momentum to Raytheon's India operation.

While India has recently procured Firefinder counter battery radars and the Gagan air traffic and civil navigation system from Raytheon, the US company is also looking at the large and growing market for home security in the country.

The Gagan-TDS network, which works on GPS signals, can also be used by other modes of transport, including rail, road and maritime traffic.

The Airports Authority of India (AAI) plans to use Gagan to meet the growing needs for communications, navigation and surveillance and air traffic management. AAI plans to install the system in over 100 airports in the country.

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Raytheon in tie-up talks with Indian companies