Walchandnagar Ind, French co in JV for submarine parts

Written by fe Bureau | Pune | Updated: Apr 1 2010, 04:43am hrs
French naval defence systems major DCNS is planning to enter into a JV with Walchandnagar Industries Ltd (WIL) to make components for submarines as well as for other naval applications. DCNS builds the Scorpene class of attack submarines jointly with Navantia of Spain.

A memorandum of understanding (MoU) to this effect was signed in February and the details of the planned JV are being worked out, WIL chairman Chakor L Doshi said. The long-term game plan is to work together, he added.

DCNS chairman & CEO Patrick Boissier said: WIL is among the main India partners for us. DCNS has been looking at developing a strong export market. The Scorpene submarines are being exported to Chile, Malaysia, India and Brazil. In India, DCNS would be entering into contracts with local partners, he added. The company is also keen to participate in Indias civil nuclear projects where we could contribute in construction and design activities with companies setting up power plants. In partnership with WIL, we will first supply the indigenous market and address the export market at a later stage. We are yet to discuss the details, Boissier said. DCNS India, a wholly-owned subsidiary of DCNS group, specialises in naval services in Mumbai. DCNS India is contributing to the technology transfer of 6 Scorpene submarines to Mazagon Dock Ltd (MDL) shipyard by providing consultancy and technical assistance services and by helping to source and qualify Indian suppliers for submarine components and equipment.