Stockholm, Sweden, October 19h 2020 – KebNi AB, a publicly traded company on the Nasdaq First North Growth Market stock exchange in Sweden, focused on becoming a leading supplier of antenna solutions, servicing international government and commercial markets is announcing that it has today signed a Letter of Intent with Grintex India Ltd. with the objective of promoting KebNi’s solutions and products under “Make in India” which will involve indigenous design, development & manufacturing in India, customized for the Indian customer requirement.
Over the past years the Prime Minister of India, Narendra Modi, has been promoting “Atmanirbhar India” translating to “Self-Reliant India”, and recently, the India government has announced an embargo on certain products, including communication equipment, which will only be sourced from Indian manufacturers, or manufacturers qualifying for the “Make in India” requirements. This includes providing sophisticated satellite communication equipment for maritime platforms manufactured in India.
“There is good opportunity for KebNi products in India, but you need to understand how to operate and how to position yourself in the local market, especially with the “Make in India” requirements. I am very pleased to enter into an agreement with Grintex India Ltd, who is well qualified to position our products in India, including ensuring we meet necessary procurement requirements and the need for in-country production, including local support and maintenance services. This is following our strategy of creating a stronger global reach and brings us another step forward”, says Carsten Drachmann, CEO of KebNi.
Grintex, being in line with Prime Minister Narendra Modi’s “Make In India” initiative, that was launched on September 25, 2014, understands that the aim of this initiative is not only to make India a global manufacturing hub, but also to stimulate local technology development in all sectors of the government and private industry. Grintex has a strong track record in helping highly reputed international technology companies meet “Make in India” requirements, including providing manufacturing facilities and local partnerships.
“Grintex has two decades of successful delivery hi-tech programs in India and abroad. We cover all phases of the customer lifecycle, including presales with identification of opportunities, to project implementation, and post-sales support to customers. We have a long track record of working with foreign partners on introducing their products into the Indian market. I believe KebNi has strong product portfolio that fits the Indian market, and I am excited to enter into a partnership with KebNi. Short term, we see a good possibility to India’s huge Maritime Domain with new satellite communication equipment in the coming years”, says Commander Manoj Kumar, CEO of Grintex Naval & Maritime Systems Division.