French Group Thales to invest over $1.2 billion in India

Source : The Economic Times

Thales, a French defence and aerospace company, is upping its bet on India, especially in the drone sector. The company is investing a billion euros (1.2 billion dollars). A significant part of the of this investment will range from manufacturing to traffic management and countering rogue drones.

“Our solutions allow civil and military aviation authorities to detect — even without data transmission — and verify a drone’s registration number, identify its pilot, and confirm its flight authorisation, all in a few seconds.

The company estimates that the current market will grow at least 6 times in the next 5-8 years. By the same time, to cope with unexpected or non-registered drones, detection and classification are the first steps before engaging a graduated response,” Ashish Saraf, Thales India VP & country director, told TOI.