Home ECONOMY Deepak Parekh is BAE Systems India chairman

Deepak Parekh is BAE Systems India chairman

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New Delhi, Jan 12:

HDFC chairman Deepak Parekh has been appointed non-executive director and chairman of BAE Systems India (Services) Private Limited, the company said Monday.

(Pic courtesy: www. khabarexpress.com)
(Pic courtesy: www. khabarexpress.com)

Parekh’s association with BAE Systems began in 2010 when he was appointed a member of the company’s Independent Advisory Board for India.

“In his new, part-time role, Parekh will provide leadership to the BAE Systems India Board and help the company realise its aspiration to develop capabilities and infrastructure in the country in support of Prime Minister Narendra Modi’s ‘Make In India’ initiative, a company statement said.

Parekh said: “As a member of BAE Systems’ India Board, I look forward to working with the company and helping to contribute positively to the future development of world class defence and security capability in India. As India accelerates its pace towards the goal of self-reliance in aerospace and defence, it is an exciting time to help guide the company in support of that objective.”

BAE Systems Plc chief executive Ian King said: “Deepak is one of India’s most respected business leaders. We are delighted to have the benefit of his experience and perspective as we continue to partner with India in order to Make in India.”

BAE Systems is one of the world’s leading defence, aerospace and security companies, with more than 80,000 employees across six continents. (IANS)