Indra positions for Russian opportunities through MoU

Government-owned Russian Technologies and Spanish company Indra have signed a Memorandum of Understanding which expresses their commitment to promote joint technology projects. Both companies say they have identified numerous common sectors of activity where they can collaborate; for instance, transport and traffic management, healthcare, public administrations, finance, industry and homeland-security and defence.
April 26, 2012 Read time: 1 min
RSSGovernment-owned 5297 Russian Technologies and Spanish company 5264 Indra have signed a Memorandum of Understanding which expresses their commitment to promote joint technology projects. Both companies say they have identified numerous common sectors of activity where they can collaborate; for instance, transport and traffic management, healthcare, public administrations, finance, industry and homeland-security and defence.

Indra, with its alliance with Russia’s main holding of technology companies, seeks to promote its presence in the Russian market as well as in those economies where the country has some influence. The result, it says, will be opportunities to participate in the country's infrastructure modernisation programmes.

For its part, the agreement means Russian Technologies will reinforce its position in Europe and Latin America, where the company already operates and Indra claims a significant leadership.
Russian Technologies State Corporation exists to assist Russian organisations-developers and manufacturers of high technology industrial products in their development, production and exports by providing support in domestic and foreign markets and attracting investors.

For more information on companies in this article

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