On 14 February 2017, Axiscades and Drone Volt announced signing of a Memorandum of Understanding (MoU) at Aero India 2017 to jointly address the growing market for drones in the Indian defence and aerospace sector.
"This partnership with DRONE VOLT will give us access to established and state-of-the-art Drone Hercules 5 UF required for India's aerospace and defence needs," Sudhakar Gande, Vice-Chairman of Axiscades said. "Considering the utility and efficacy of drones, there’s an increase in demand for these products in the Indian market. Our company’s capability in building strong partnerships and technologies will benefit the Indian government’s effort to access and benefit from new-age technologies.”
Axiscades is a licensed defence manufacturer and a preferred Indian Offset Partner (IOP) for high-end strategic technologies for aerospace and defence solutions. This partnership will help Axiscades increase its contribution in the Make in India initiative and become an integral part of OEM’s global supply chain delivering drone solutions.
French-based Drone Volt, listed in AlterNext (Euronext Paris), has more than 5 years of expertise in developing drones, providing a full range of solutions worldwide.
Dimitri Batsis, President of Drone Volt’s concluded: “India is a key market for us, and we are excited to forge this strategic partnership with AXISCADES, which specializes in the aerospace and defence markets. We will be working together on various business opportunities in India, and contribute to the Make in India initiative for various aerospace and defence programmes.”