MoneyWorks4Me

Crompton Greaves (CG) has entered into a memorandum of understanding (MoU) with French enterprise Arelis that specializes in design and manufacturing of high-tech electronic solutions. Both the companies agreed to explore manufacturing and supply of hybrid microelectronics for high mix-mid volume market and for high runner microelectronics hybrids markets for Aerospace and Defence, Energies, Utilities and Telecommunication sectors.

With the technology transfer from Arelis on hybrid microelectronics, CG will be able to indigenously manufacture the components and sub-assemblies for Indian and global markets. On the other side CG and Arelis agreed on the manufacturing and supply of electrical, electronics and microelectronics components to key Indian Aerospace and Defence programmes as well as to global OEMs targeting offset discharge.

This collaboration derives competitiveness from the strengths of the two companies: Arelis’ technical knowhow in Aerospace and Defence electronics and access to global OEMs and CG’s strong manufacturing capability in India and cost efficient vendor base to localize the production in India.

Crompton Greaves is a global pioneering leader in the management and application of electrical energy. With more than 15,000 employees across its operations in around 85 countries, CG provides electrical products, systems and services for utilities, power generation, industries, and consumers.

Peers
Company Name CMP
Waaree Energies 2396.50
Apar Industries 18171.00
Havells India 1059.50
Suzlon Energy 38.35
Siemens 3804.45
View more..