Russia’s Joint Stock Company Navigation-Information Systems (JSC NIS) recently signed a MoU with India’s Hyderabad-based HBL Power Systems Ltd on GLONASS navigation systems with an aim to promote the GLONASS system in India.
The deal was signed at the Bengaluru Space Expo 2010 for the manufacturing of modules, systemintegration projects/tenders, provision of telematics services and after sales support.
HBL will mainly promote the product — Intelligent Transport System (ITS) — for police and rail systems.
ITS refers to efforts to add information and communications technology to transport infrastructure and vehicles in an effort to manage factors that typically are at odds with each other, such as vehicles, loads, and routes to improve safety and reduce vehicle wear, transportation times, and fuel consumption.
“We believe GLONASS will offer better features that will be superior to the GPS. The system will operate on GPS and Glonass,” said Chairman Aluru Jagadish Prasad.
The 50-50 joint venture may be signed by the end of 2011. NIS GLONASS plans to sign two more agreements, including one with a private company. At this stage, the cooperation will be limited to joint tendering.
Vladimir Finov, Program Director “India-GLONASS”, JSC “Navigation-Information Systems”, Russia said, “NIS is here to promote the entire GLONASS system in India.” He is very much hopeful about the bright future of such a joint cooperation.