India News

French company Thales to put $1.2 billion in India over 5 years
Writer Admin

French aerospace and defence major Thales Group is betting big on India — especially the emerging drone space here — and has decided to invest a billion euros (about $1.2 billion) in the country over the next five years. Its drone offerings — that range from manufacturing to traffic management and countering rogue drones — will account for a significant part of this planned mega investment.
India currently has 6 lakh drones, a number that the French major expects will rise at least six times in 5-8 years. “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.

 

Read More: https://timesofindia.indiatimes.com/business/international-business/french-company-thales-to-put-1-2-billion-in-india-over-5-years/articleshow/87097597.cms