India shortlists first 'MAKE' program
Posted by- Neelam Mathews June 21, 2012 India’s first “MAKE Program has been approved by the Ministry of Defense as part of its impetus to indigenisation by finalizing two development partners for Tactical Communication Systems (TCS). Alongside, Bharat Electronics in the public sector, MoD has selected a Special Purpose Vehicle (SPV) Company formed by three private sector defence majors. Led by L&T, the SPV includes Tata Power SED and HCL Infosystems Limited. Among the few programs currently classified in the "Make" category, TCS is the first one to have reached this stage of finalisation of development partners and also the first-ever program where three major private sector companies have come together to form a consortium, under the leadership of one company, setting aside individual interests to synergize their capabilities, with a common goal of developing an Indian solution for this strategically important program. FICCI says it believes that this approach dem...