CFF Fluid Control enters JV with TKMS ALTAS ELEKTRONIK GmbH

CFF Fluid Control Ltd has announced its Board of Directors has approved entering into a binding Joint Venture agreement with TKMS ALTAS ELEKTRONIK GmbH. The JV, to be named TKMS CFF Defence Systems Private Limited, aims to advance India's "Make in India" initiative by focusing on local manufacturing, system integration, and through-life support for anti-submarine warfare. CFF Fluid Control will hold a 51% stake, while TKMS ALTAS ELEKTRONIK GmbH will hold 49%. Definitive agreements are yet to be executed.