Strategic Partnership Announcement

Nibe Limited and its Group Companies have entered into a strategic partnership with Naval Group, France through a Memorandum of Understanding (MoU) signed on September 18, 2026. The partnership aims to strengthen India's naval shipbuilding capabilities and maritime technology ecosystem.

Areas of Cooperation

The MoU establishes a formal framework for cooperation in multiple technological areas of mutual interest, including:

  • Modern Naval technologies in Shipbuilding
  • Defence Platforms
  • Autonomous systems including underwater drones
  • Mine countermeasure vessels
  • Underwater Submarine systems and technologies
  • Naval weapon launching systems and their maintenance

Strategic Context

The agreement reinforces both companies' commitment to strengthening India's self-reliance for its naval programs under the Atmanirbhar Bharat Initiative. Specific cooperation areas include:

  • Underwater drones and their integration onboard submarines
  • Future weapon ready modular launching systems
  • Mine countermeasure systems and engineering

Company Background - Naval Group

Naval Group is an international naval defence player with:

  • Revenue of 4.679 billion euros (as of December 31, 2025)
  • 17,170 employees (Full-Time Equivalent average annual workforce)
  • Expertise in autonomous systems, underwater weapons, and drones
  • Presence throughout the entire life cycle of vessels including design, production, equipment integration, support, and upgrades
  • Signatory to the United Nations Global Compact

Company Background - Nibe Group

Nibe Limited and its Group Companies, led by Mr. Ganesh Nibe, is an Indian industrial and defence-focused group with interests in:

  • Defence manufacturing
  • Aerospace
  • Naval systems
  • Defence electronics
  • Space technology
  • Renewable energy solutions

The Group's defence portfolio includes:

  • Missile launchers and weapon platforms
  • Ammunition components
  • Counter-UAS systems
  • Military electronics and surveillance solutions
  • Specialized defence structures
  • Components for strategic programmes including artillery, armoured vehicles, missile systems, and naval platforms

Leadership Statements

Marie-Laure Bourgeois, EVP, Sales & Marketing, Naval Group stated: "This agreement illustrates our shared commitment to develop sovereign, resilient, and future ready naval capabilities in India and exemplifies our commitment to the Special Global Strategic Partnership shared between India and France."

Ganesh Nibe, Chairman and Managing Director of Nibe Group stated: "Nibe's strong expertise in delivering integrated defence solutions that power India's strategic autonomy, backed by continued investment in the sector will be an asset to the cooperation with Naval Group in order to provide latest generation of naval technologies for the country."