Thales: French company Thales to invest $1.2 billion in India in 5 years – Times of India

New Delhi: French aerospace and defense chief Thales Group is betting big on India – especially the emerging drone space here – and has decided to invest one billion euros (about $1.2 billion) in the country over the next five years. Its drone offerings – which range from construction to traffic management and combating rogue drones – will account for a significant portion of this planned mega investment.
India currently has 6 lakh drones, a number that the French major expects to increase by at least six times in 5-8 years. “Our solutions allow civil and military aviation authorities to trace – even without data transmission – and verify the drone’s registration number, identify its pilot, and verify its flight authorization in seconds .

At the same time, in dealing with unforeseen or unregistered drones, identification and classification is the first step before receiving a graduated response,” said Ashish. Saraf, Thales India VP and Country Director told times of India.

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