DCNS Sets Up Indian Subsidiary

(March 25, 2009) -- Patrick Boissier, Chairman & CEO of DCNS Group, a European leader in naval systems, inaugurated DCNS India, a wholly-owned subsidiary specialising in naval services in Mumbai on March 25.

DCNS Group is in charge of a contract for the transfer of technology of Scorpene submarines to Mazagon Dock Ltd (MDL) shipyard. Six Scorpene submarines will be delivered by 2018 under P75 Indian Navy's project.

DCNS India will contribute to this technology transfer by providing consultancy and technical assistance services and by helping to source and qualify Indian suppliers for submarine components and equipment.

Additionally, DCNS India will conduct detailed engineering studies and provide consultancy, sourcing and procurement services for other DCNS projects with Indian shipyards. It also plans to provide similar services to DCNS units abroad.

Mr. Xavier Marchal will be the Managing Director of DCNS India. He was associated with Indian Navy's P75 project since its commencement 3 years back. The new entity is headquartered in Mumbai and expects to employ over 100 people by the end of 2010.

Mr. Patrick Boissier, Chairman & CEO of DCNS Group said, "I am pleased to formally announce the launch of Indian subsidiary of DCNS group. India is one of the key strategic focus markets for DCNS group and we are looking at it from a very long term perspective. We hope to make significant contribution through our global experience and expertise to the Indian companies and will be able to add a lot of value through our technical know-how and programme management capabilities."

Source : DCNS