The Tata Group announced on Saturday that it was planning a partnership with European defense and aerospace consortium EADS to bid for a US$1 billion communication system project for the Indian army, a company statement said.
Tata Advanced Systems (TAS), a wholly-owned subsidiary of the Tata Group, along with other group companies would be tying up with EADS Defense and Security, US-based Raytheon and Precision Electronics to bid for the Indian Army's tactical communication project, the release said.
The communication system project, which is expected to be announced later this year, is aimed at replacing the army's current system with the latest and most sophisticated technology.
The Indian Army had issued a detailed request for information to more than 40 defense companies and systems integrators worldwide last year for the system.
Recognizing the national importance of the project, the Tata Group had decided to launch new umbrella company TAS which would leverage the capabilities of several group companies with a view to implementing the project, group chairman Ratan Tata was quoted as saying in the statement.
EADS would be responsible for the system's architectural design and integration in the proposed bid, the statement said. TAS, EADS and the other partners together had the capabilities to meet the operational needs of the army and ensure the project was indigenous in procurement, integration and delivery, it said.
TAS, with a focus on defense and aerospace, is the latest addition to the Tata Group comprising more than 95 companies with interests ranging from engineering, automobiles, information technology and telecommunications to hospitality. The group has a market capitalization of US$61.81 billion.
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