Quantum Techniques GmbH, the European market chief for real-time unmanned aerial intelligence options, and RENK Gears Personal Ltd., (RENK India), a subsidiary of RENK Group AG, a number one supplier of drive options for army and civilian use, signed a Memorandum of Understanding in the present day in India for a strategic partnership.
The signing befell in Bengaluru, situated within the Indian state of Karnataka, the place the 2 know-how leaders have been joined by Bavaria’s State Minister Dr. Florian Herrmann. RENK Gears Personal Ltd. and Quantum-Techniques GmbH goal to cooperate extra carefully sooner or later within the areas of analysis and growth, manufacturing, software program growth, and digitalization.
Each corporations lately recognized India as a key progress market.
Dr. Florian Herrmann, Bavaria’s State Minister, stated: “Bavaria and India complement one another completely: the state of Karnataka is taken into account the Silicon Valley of India and Bavaria the Silicon Valley of Germany. Bavaria focuses on high-tech and analysis like no different federal state. With the Bavarian Excessive-Tech Agenda, we’re investing over 5.5 billion euros in science and the related know-how switch to the financial system – to show good concepts into jobs. With success: corporations from all around the world are coming to Bavaria – and Bavarian corporations are increasing all around the world. We’re due to this fact notably happy in regards to the new worldwide cooperation between Renk India and Quantum Techniques. The areas of armaments, aerospace, AI and quantum computing are main fields of the longer term. Because the Free State of Bavaria, we need to be on the forefront of innovation in these applied sciences worldwide and thus safe long-term worth creation and prosperity for Bavaria. To this finish, we additionally held a big reception in Bangalore in the present day on the finish of our journey to India to community with worldwide enterprise representatives. Networking and partnership are extra essential than ever in a worldwide world in turmoil.”
“The cooperation is one other robust sign for our location and underscores the ‘Make in India’ ambitions of the RENK Group,” stated Praveen Mohan, Managing Director of RENK Gears Personal Ltd.
India gives Quantum Techniques a extremely engaging strategic surroundings for sustainable progress. The nation’s protection and safety spending is steadily rising, accompanied by huge investments in high-tech and infrastructure tasks. As a geopolitically essential participant with main civil and army challenges, India is an thrilling marketplace for ISR drone know-how and aerial intelligence providers.
The RENK Group has maintained enterprise relations in India for many years, because the nation has been a strategic accomplice for Germany. The corporate is at the moment considerably increasing its manufacturing capacities in India for gearboxes, slide bearings and couplings for army and civilian purposes. By 2025, a brand new roughly 7,000-square-meter manufacturing website for army and civilian purposes will likely be inbuilt India.
Quantum Techniques additionally has a long-standing historical past of doing enterprise within the area and is a longtime accomplice for India, together with within the areas of land surveying and cadastral registration. Sooner or later, the corporate can even be energetic in India for different authorities businesses.
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