French Group Thales to invest over $1.2 billion in India

The company is investing a billion euros (1.2 billion dollars). A significant part of the of this investment will range from manufacturing to traffic management and countering rogue drones.

Reuters
The logo of French defence and electronics group Thales is seen at the company's headquarters in Merignac near Bordeaux, France.
Thales, a French defence and aerospace company, is upping its bet on India, especially in the drone sector.

The company is investing a billion euros (1.2 billion dollars). A significant part of the of this investment will range from manufacturing to traffic management and countering rogue drones.

“Our solutions allow civil and military aviation authorities to detect — even without data transmission — and verify a drone’s registration number, identify its pilot, and confirm its flight authorisation, all in a few seconds.


The company estimates that the current market will grow at least 6 times in the next 5-8 years.
By the same time, to cope with unexpected or non-registered drones, detection and classification are the first steps before engaging a graduated response,” Ashish Saraf, Thales India VP & country director, told TOI.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › Defence › French Group Thales to invest over $1.2 billion in India
Text Size:AAA
Success
This article has been saved

*

+