Puncom plans foray into defence equipment making
Punjab Communications Ltd (Puncom), a manufacturer and supplier of telecom and IT equipments, is planning a foray into the field of defence equipments.
By PTI |
CHANDIGARH: Punjab Communications Ltd (Puncom), a manufacturer and supplier of telecom and IT equipments, is planning a foray into the field of defence equipments.
The company is negotiating with defence equipment makers in Russia, Israel and Europe to enter into a technical tie-up in the field of electronic and communications equipments, Puncom managing director Anurag Verma told reporters here.
"The defence equipment makers will provide technical know how to our company for manufacturing electronic and communication items for the defence sector," he said.
Through the alliance, which could be a multiple-tie up, the Punjab government-owned body is keen on addressing Indian defence sector's requirements of communications products such as static network and mobile network, the official said.
"We would like to become an important player in the defence sector for the supply of electronic and communication products," he said.
The company is also looking to consolidate its positions in Synchronous Digital Hierarchy (SDH) and Dense Wave Division Multiplexing Equipment (DWDM) segment.
"This sector has also shown steep growth and offers immense opportunities to company like us for capitalising on it," he said, adding that "that is why we have decided to address this market also."
Punjab government holds a 71 per cent stake in Puncom. The company has strategic tie-up with telecom products major Huawie-China and Bangalore-based optical telecom transmission equipment maker Ordyn.
The company is negotiating with defence equipment makers in Russia, Israel and Europe to enter into a technical tie-up in the field of electronic and communications equipments, Puncom managing director Anurag Verma told reporters here.
"The defence equipment makers will provide technical know how to our company for manufacturing electronic and communication items for the defence sector," he said.
Through the alliance, which could be a multiple-tie up, the Punjab government-owned body is keen on addressing Indian defence sector's requirements of communications products such as static network and mobile network, the official said.
"We would like to become an important player in the defence sector for the supply of electronic and communication products," he said.
The company is also looking to consolidate its positions in Synchronous Digital Hierarchy (SDH) and Dense Wave Division Multiplexing Equipment (DWDM) segment.
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"This sector has also shown steep growth and offers immense opportunities to company like us for capitalising on it," he said, adding that "that is why we have decided to address this market also."
Punjab government holds a 71 per cent stake in Puncom. The company has strategic tie-up with telecom products major Huawie-China and Bangalore-based optical telecom transmission equipment maker Ordyn.
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