Friday, June 12, 2015

After pacts with utilities, US-based Innovari Inc eyes India’s defence space

After pacts with utilities, US-based Innovari Inc eyes India’s defence space
US-based Innovari Inc plans to enter the Indian defence space. The company, which has inked contracts with three Indian utilities — including Reliance Infrastructure — to help optimise the country’s power grid, is in talks with several Indian SMEs in the defence and aerospace sector.
In an exclusive interview to FE, Preetha Nair, President – Innovari Technologies, said, “We have many plans for the Indian market. We have recently opened a new technology and development centre in Bangalore and plan on investing heavily in India to support our global growth. With the expertise we have in the energy sector this can be used in defence programmes in India. That’s what we are wanting to participate in and support India’s growth and sustainability.”
12/06/15 Huma Siddiqui/The Financial Express
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