M&M is India’s first private co to foray into submarine biz

Mar 05 2014, 09:29 IST
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 It is journey yet to begin in full earnest. We will grow as he private sector role in defence grows,” Anand Mahindra. (Reuters) It is journey yet to begin in full earnest. We will grow as he private sector role in defence grows,” Anand Mahindra. (Reuters)
SummaryIndia’s underwater force received private sector boost with Mahindra Defence Naval Systems (MDNS) opening its new manufacturing at Chakan, Pune

India’s underwater force received private sector boost with Mahindra Defence Naval Systems (MDNS) opening its new manufacturing at Chakan, Pune. Mahindra Defence Naval Systems is the only private sector player to have a division focused primarily on underwater weapons and systems. Now M&M will get on board of Indian Naval frigates and submarines.

“This is a beginning of a long journey for the private sector. It is journey yet to begin in full earnest. We will grow as he private sector role in defence grows,” Anand Mahindra, chairman, Mahindra Group said. Mahindra said we are building systems and capabilities to play a bigger role when it is give its due place, he added. “It is a very important enterprise regardless of its size and these were critical products to save lives and secure the country,” Mahindra said. “If India is going to build defence production capabilities it cannot be done without India’s private sector,” Mahindra pointed out at an interaction with the media at the formal opening of the plant. Military technologies around the world have sustained with the involvement of the private sector, he said.

MDNS is a wholly-owned subsidiary of Mahindra Defence Systems,which is part of the $16.7-billion Mahindra Group.

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