Rezaul H Laskar/PTI
Paris: Defence major Raytheon plans to take forward its tie-up with Tata Power by focussing on electronic and avionic technologies that could be marketed globally, a top official of the US firm has said.
“We are in the process of getting US export licences that will allow us to work with Tata Power on specific projects,” Wesley Motooka, vice-president of Raytheon’s Space and Airborne Systems, said at the Paris Air Show.
Raytheon, which established a tie-up in February with Tata Power, a key private player in India’s defence sector, was evaluating estimating costs for joint projects the two companies could work on, Motooka told PTI.
“We intend to bid for global markets,” he said, without giving details of the specific projects that the two firms would work on.
As part of its efforts to identify potential Indian partners, Raytheon has carried out a survey of 50 companies from the country and zeroed in on eight firms. “We studied their discipline and capabilities and had detailed discussions with them,” Motooka said.
“After the deal with Tata, we are closing in (on agreements) with a couple more,” he said, adding a tie-up between Raytheon and an Indian firm was likely to be completed by July.
Though Motooka did not give details, industry sources indicated Raytheon was likely to announce a tie-up with Larsen and Toubro, another key player in the defence sector that has had a major role in several projects for the Indian Navy.
Raytheon, Motooka said, was also in dialogue with the Defence Research and Development Organisation (DRDO) and “a private sector company” for joint research and development.
“There is a tremendous overlap of things in the scientific and military capabilities, and we want to boost our ties with India,” he said. “We want to move from broad agreements to specific capabilities.”
The tie-ups between Raytheon and Indian firms could cater to the Indian market as well as the US company’s global supply chain, he said.