The French multinational company is involved in various sectors, including aerospace, transport, defence and security markets.
“India is among the top three priority countries for Thales And that is not a surprise when we look at size of Indian economy, the market and dynamism of the country, Thales Chairman and CEO Patrice Caine told reporters here.
Caine said that the company will strengthen its presence in India by increasing overall head-count and infusing more investments.
“It is an ambition that we have to make it happen and clearly it demonstrates that we do believe in India. In terms of market, also in terms of level of education and engineers in India, it is really good definitely India ticks the boxes on all of those,” he added.
Thales’ India footprint includes its operations, various joint ventures and ecosystem as well as Gemalto and Guavus (companies acquired by Thales). Together, these ventures add up to a strength of about 1,500, a number that could well surge to over 3,000 in 2-3 years, according to data provided by a company spokesperson.
Thales is also open to acquisitions to augment its capacity in India, Caine said but added that the company had not zeroed in on a precise target as of now.
Asked if Thales would look at acquisitions to bolster its current capabilities, Caine said, “Absolutely, it is on the table. Nothing that we have precise target on but clearly it is as a possible option”.
Lauding Indian Prime Minister Narendra Modi for strategic reforms and digital vision, Caine said that Thales with its large India presence in sectors like defence, ground transportation and aerospace – would continue to partner the country in its digital and technological ambitions.
“PM Modi has put forward important reforms and vision to accelerate the level of technology mastered by India. We are convinced that we can bring to India, things that are unique in terms of technology and participate to this vision,” Caine said.
Thales recently announced a slew of global initiatives in the areas of cyber security and digital transformation, including creation of a cyber hub in Dubai, which will be a centre of excellence for cyber consulting and services, and launch of a ‘Digital Factory’ in Asia later this year.
Thales ‘digital factory’ in Paris, within ten months of opening, has already developed seven new products based on the company’s key digital technologies.
According to a company release, Thales, over the past three years, has invested over 1 billion Euros in developing its expertise and footprint across four key digital technologies – connectivity, big data, Artificial Intelligence and cybersecurity. The company has close to 65,000 employees across 56 countries, and had reported sales of Euro 15.8 billion last year.
Earlier this week, while speaking at the Thales Media Day conference on the theme of Cybersecurity, Thales Executive Vice President, Secure Communications and Information systems, Marc Darmon, said pervasiveness of software, vast amount of data being churned out, and technology adoption of cloud and Internet of Things will compel firms to craft multi-pronged strategies to ward-off targeted cyber attacks.
Businesses will have to put in place strategies that not only help detect threats early but actively prevent attacks, Darmon had said adding that companies will also have to strategise to speed-up decisions and actions for countering cyber attacks. Doing so is becoming even more critical in the backdrop of “game-changers” in the digital world.
Outlining these, Darmon noted that software had become all pervasive, and vast amounts of valuable data was being generated in the digital world at all times. Other big trends include movement to cloud-based services and advent of technologies like Internet of Things (IoT), he said.