Quantum Systems GmbH, the European market leader for real-time unmanned aerial intelligence solutions, and RENK Gears Private Ltd., (RENK India), a subsidiary of RENK Group AG, a leading provider of drive solutions for military and civilian use, signed a Memorandum of Understanding today in India for a strategic partnership.
The signing took place in Bengaluru, located in the Indian state of Karnataka, where the two technology leaders were joined by Bavaria’s State Minister Dr. Florian Herrmann. RENK Gears Private Ltd. and Quantum-Systems GmbH aim to cooperate more closely in the future in the areas of research and development, production, software development, and digitalization.
Both companies recently identified India as a key growth market.
Dr. Florian Herrmann, Bavaria’s State Minister, said: “Bavaria and India complement each other perfectly: the state of Karnataka is considered the Silicon Valley of India and Bavaria the Silicon Valley of Germany. Bavaria focuses on high-tech and research like no other federal state. With the Bavarian High-Tech Agenda, we are investing over 5.5 billion euros in science and the associated technology transfer to the economy – to turn good ideas into jobs. With success: companies from all over the world are coming to Bavaria – and Bavarian companies are expanding all over the world. We are therefore particularly pleased about the new international cooperation between Renk India and Quantum Systems. The areas of armaments, aerospace, AI and quantum computing are major fields of the future. As the Free State of Bavaria, we want to be at the forefront of innovation in these technologies worldwide and thus secure long-term value creation and prosperity for Bavaria. To this end, we also held a large reception in Bangalore today at the end of our trip to India to network with international business representatives. Networking and partnership are more important than ever in a global world in turmoil.”
“The cooperation is another strong signal for our location and underscores the ‘Make in India’ ambitions of the RENK Group,” said Praveen Mohan, Managing Director of RENK Gears Private Ltd.
India offers Quantum Systems a highly attractive strategic environment for sustainable growth. The country’s defense and security spending is steadily increasing, accompanied by massive investments in high-tech and infrastructure projects. As a geopolitically important player with major civil and military challenges, India is an exciting market for ISR drone technology and aerial intelligence services.
The RENK Group has maintained business relations in India for decades, as the country has been a strategic partner for Germany. The company is currently significantly expanding its production capacities in India for gearboxes, slide bearings and couplings for military and civilian applications. By 2025, a new roughly 7,000-square-meter production site for military and civilian applications will be built in India.
Quantum Systems also has a long-standing history of doing business in the region and is an established partner for India, including in the areas of land surveying and cadastral registration. In the future, the company will also be active in India for other government agencies.
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