Agreements signed: Safran and IIT Delhi and IISc Bangalore
Signature of agreements between Safran and IIT Delhi and IISc Bangalore, in the presence of Ambassador Richier
New Delhi, 29 October, 2014
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- Signature of agreements between Safran and IIT Delhi and IISc Bangalore, New Delhi, 29 October, 2014
To download the copyright free images of the signing ceremony, visit Flickr page of the French Embassy.
Safran, leading international high-technology group from France specializing in aerospace, defence and security, entered into agreements on 29 October 2014 with two of India’s most prominent institutions: Indian Institute of Technology (IIT), Delhi in the aerospace sector, and Indian Institute of Science (IISc), Bangalore, in the avionics sector.
Safran announced these agreements over a press conference that took place at the Residence of France, in the presence of H.E. Mr François Richier, Ambassador of France to India.
The group was represented by Messrs Alain Coutrot, Deputy Director (France), and Stéphane Lauret, CEO, Safran India Private Ltd. There were also representatives from IIT Delhi, IISc Bangalore and Morphing Machines.
Under their agreement, Safran and IIT Delhi will work towards the development of advanced pattern recognition algorithms to apply to complex data sets, as in in aerospace-related applications. With IISc Bangalore, Safran will work on developing an advanced computing platform for use in next generation avionics applications. This will involve customized multi-core reconfigurable network-on-chip systems with safety and security as key features, which are a must for reliable use in avionics.
Safran is a leading international high-technology group with three core businesses: Aerospace (propulsion and equipment), Defence and Security. Operating worldwide, the Group has 66,300 employees and generated sales of 14.7 billion euros in 2013. Working alone or in partnership, Safran holds both global and European leadership positions in its core markets. The Group invests heavily in Research & Development to meet the requirements of changing markets, including expenditures of 1.8 billion Euros in 2013. Safran is listed on Euronext Paris and is part of the CAC40 index.
Safran has been in India for over 60 years, operating across its three core businesses: delivering effective expertise to India’s growing aerospace industry, along with cutting-edge navigation and optronics equipment for the defence sector, and biometrics solution for the security market. Over these decades of association, Safran’s activities have evolved to include strong local partnerships with Indian military aviation industry based on joint developments, production and support licenses for airplane, helicopter (including the Shakti engine for the Dhruv Helicopter) and rocket engines, landing gear, navigation systems, as well as the associated support services. With more than 2600 highly skilled employees in the country and a business growth of 30% in the last decade, India is home to Safran’s largest presence in Asia.