Industry News

India-based HFCL to undergo joint venture with global defence electronics manufacturer

India: The India-based telecom equipment and optical fiber cable manufacturing company, Himachal Futuristic Communications, will undertake a joint venture with some global Tier-1 defence electronics manufacturers for expanding the manufacturing space of defence electronics and communication systems in India.

The company will be a major stakeholder in the joint venture which will comprise of a technology-transfer pact.

As per the HFCL’s plan, the company will be developing the critical infrastructure security systems as well as the defence related high-end electronics in its Chennai, Solan and forthcoming Gurgaon facilities, which will enable and enhance the security of defence establishments, such as cantonment zones, air bases, etc. in the country.

Moreover, the company has also seized the industrial license for developing the night vision devices, radio communication equipment, and other defence electronic products, locally. The company will also develop the equipment related to communication and signalling for the railways in its telecom factories.

As stated by the chairman of HFCL, Mahendra Nahata, the company is focusing on the “Make in India” initiative of the Prime Minister by locally manufacturing the defence electronics and the communication equipment. He also mentioned Microsoft and Cisco to be the technology partners for the company’s proposed Army Wide Area Network project.

Further, HFCL will be raising funds through the combination of debt and internal accruals to enhance the manufacturing process of these defence electronics.    

TechSci Research depicts that this joint venture will help the company in enhancing the positioning of its defence electronics and communication systems in the country.

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