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Crompton Greaves enters into MoU with French enterprise Arelis

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Capital Market

For supply of electronics components to aerospace and defence

Crompton Greaves announced that it has entered into a memorandum of understanding (MoU) with French enterprise Arelis that specialises in design and manufacturing of high-tech electronic solutions to jointly manufacture and supply products related with electrical, electronic, microelectronic and hybrid microelectronics for aerospace and defence area and transfer of technology to Crompton Greaves for localised manufacturing.

This collaboration derives competitiveness from the strengths of the two companies: Arelis' technical knowhow in Aerospace and Defence electronics and access to global OEMs and CGs strong manufacturing capability in India and cost efficient vendor base to localise the production in India.

 

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First Published: Jan 12 2015 | 5:30 PM IST

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