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Saab and Mahindra Satyam to establish India Technology Centre

Saab and Mahindra Satyam to establish India Technology Centre
PTI
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First Published: Wed, Jun 22 2011. 04 20 PM IST
Updated: Wed, Jun 22 2011. 04 20 PM IST
Hyderabad: Swedish defence and security company Saab AB on Wednesday said it has entered into an agreement with Mahindra Satyam to establish a joint technology centre at one of the IT solutions provider’s facilities.
The move to set up the ‘Saab India Technology Centre (SITC)´ furthers the intent declared by both companies at the Aero India show in February, 2011, and the decision strengthens the already strategic relationship between Saab and Mahindra Group, a company release said.
“This 300-seater dedicated centre would be established at one of Mahindra Satyam sites and will be an extended arm of Saab working on new product development and product sustenance engineering. While supporting the internal operational excellence and optimisation initiatives within Saab, this centre will also support offset obligations for all Saab products and services in India,” the Saab release said.
The aim is to increase development in the country in terms of identifying concrete programmes and technologies for SITC. The centre will provide a secure platform to facilitate development of aerospace and defence projects in India, the release said.
According to Saab, India presents a huge opportunity for expanding its business in various verticals.
Saab is of the view that engineering services is one of the key focus and growth areas within Mahindra Satyam, which currently runs some of the largest dedicated R&D centres for global majors across industry segments, including aerospace.
Mahindra Satyam has the right operational expertise and technical maturity to ensure this centre delivers the set organisational targets, the release said.
Saab’s experience in providing services and solutions, ranging from military defence to civil security, combined with Mahindra Satyam’s proven global engineering practice, would result in a highly efficient environment in India that can successfully address opportunities arising in these domains from emerging markets, the release said.
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First Published: Wed, Jun 22 2011. 04 20 PM IST