Crompton Greaves said it has entered into a memorandum of understanding (MoU) with French enterprise Arelis, which specialises in design and manufacturing of high-tech electronic solutions. The two companies have agreed to explore manufacturing and supply of hybrid microelectronics for aerospace and defence, energies, utilities and telecommunication sectors.

With technology transfer from Arelis on hybrid microelectronics, Crompton will be able to indigenously manufacture components and sub-assemblies for Indian and global markets.

The two parties have agreed on manufacture and supply of electrical, electronics and microelectronics components to key Indian aerospace and defence programmes as also to global original equipment manufacturers.

Crompton Greaves is already engaged in the manufacture and supply of several critical components such as motors and transformers for the defence sector.

Crompton said the domestic defence market could provide an annual opportunity of about $ 2 billion.

Pascal Veillat, Chairman, Arelis Group, said, “With already 40 per cent of its global business abroad especially in Russia, Africa and South East Asia, this tremendous opportunity allows Arelis to develop a new rapidly growing export market and to demonstrate its industrial competencies from specifications, design to the complete integration.”

Laurent Demortier, CEO and MD, Crompton Greaves, said, “ Arelis has commendable experience of working with global defence players and significant knowhow in the manufacturing of mission critical equipment. This association is in line with Crompton Greaves’ strategy to expand in high value added defence electronics activities and be a significant player within the Indian defence sector”.

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