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 navy and civilian use, signed a Memorandum of Understanding right now in India for a strategic partnership.
The signing came about in Bengaluru, situated within the Indian state of Karnataka, the place the 2 expertise leaders had been joined by Bavaria’s State Minister Dr. Florian Herrmann. RENK Gears Personal Ltd. and Quantum-Techniques GmbH purpose to cooperate extra intently sooner or later within the areas of analysis and growth, manufacturing, software program growth, and digitalization.
Each corporations lately recognized India as a key development 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 expertise 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 subsequently significantly happy concerning 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 right now 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 atmosphere for sustainable development. The nation’s protection and safety spending is steadily rising, accompanied by large investments in high-tech and infrastructure tasks. As a geopolitically essential participant with main civil and navy challenges, India is an thrilling marketplace for ISR drone expertise and aerial intelligence providers.
The RENK Group has maintained enterprise relations in India for many years, because the nation has been a strategic associate for Germany. The corporate is at the moment considerably increasing its manufacturing capacities in India for gearboxes, slide bearings and couplings for navy and civilian functions. By 2025, a brand new roughly 7,000-square-meter manufacturing website for navy and civilian functions shall be in-built India.
Quantum Techniques additionally has a long-standing historical past of doing enterprise within the area and is a longtime associate for India, together with within the areas of land surveying and cadastral registration. Sooner or later, the corporate may also be lively in India for different authorities companies.
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