Quantum Methods GmbH, the European market chief for real-time unmanned aerial intelligence options, and RENK Gears Non-public 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 at present in India for a strategic partnership.
The signing came about in Bengaluru, situated within the Indian state of Karnataka, the place the 2 know-how leaders had been joined by Bavaria’s State Minister Dr. Florian Herrmann. RENK Gears Non-public Ltd. and Quantum-Methods GmbH purpose to cooperate extra carefully sooner or later within the areas of analysis and improvement, manufacturing, software program improvement, and digitalization.
Each corporations not too long ago recognized India as a key development market.
Dr. Florian Herrmann, Bavaria’s State Minister, mentioned: “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 everywhere in the world are coming to Bavaria – and Bavarian corporations are increasing everywhere in the world. We’re subsequently notably happy in regards to the new worldwide cooperation between Renk India and Quantum Methods. The areas of armaments, aerospace, AI and quantum computing are main fields of the long run. 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 at present on the finish of our journey to India to community with worldwide enterprise representatives. Networking and partnership are extra essential than ever in a world world in turmoil.”
“The cooperation is one other sturdy sign for our location and underscores the ‘Make in India’ ambitions of the RENK Group,” mentioned Praveen Mohan, Managing Director of RENK Gears Non-public Ltd.
India presents Quantum Methods a extremely enticing strategic atmosphere for sustainable development. The nation’s protection and safety spending is steadily rising, accompanied by large investments in high-tech and infrastructure initiatives. As a geopolitically essential participant with main civil and navy 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 companion for Germany. The corporate is presently considerably increasing its manufacturing capacities in India for gearboxes, slide bearings and couplings for navy and civilian purposes. By 2025, a brand new roughly 7,000-square-meter manufacturing web site for navy and civilian purposes will likely be inbuilt India.
Quantum Methods additionally has a long-standing historical past of doing enterprise within the area and is a longtime companion 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 businesses.
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