Deepak Parekh joins BAE Systems India advisory board

Deepak Parekh joins BAE Systems India advisory board

New Delhi: Prominent banker and HDFC chairman Deepak Parekh has been appointed to the Indian advisory board of global defence equipment maker BAE Systems.

Parekh would be joining Maruti Suzuki chairman Ravi Bhargava and former Indian ambassador to the US Naresh Chandra on the BAE’s India advisory board.

BAE Systems, in a statement on Thursday, said it has appointed Parekh to the advisory board, which works towards strengthening the firm’s ability to execute its home market strategy in India.

Parekh, chairman of Housing Development Finance Corporation (HDFC), has been a member of various committees of the Indian government — including the Investment Commission, which was set up to analyse FDI policies.

Apart from serving as the non-executive chairman of the GSK and Siemens’ India operations, he is also on the boards of Mahindra and Mahindra and Hindustan Unilever.

“Deepak is one of the foremost business leaders of his generation, and his energy and enthusiasm are boundless," BAE Systems India’s CEO and MD Andrew Gallagher said.

“As BAE Systems strives to develop a long-term domestic Indian business, the strategic advice of the quality we get from Messrs Chandra, Bhargava, and now Parekh, is invaluable," he added.

BAE Systems is a leading defence, security and aerospace company.