New Delhi, India – May 27, 2013 – Tech Mahindra Limited, a specialist provider of solutions and services to the telecommunications industry, today signed a Memorandum of Understanding (MoU) with “Navigation Information Systems” (JSC “NIS”) GLONASS, company that offers dual-system GLONASS/GPS chipset-based navigation equipment to the Indian market.
As per the agreement, both the parties will jointly identify and develop potential opportunities, while agreeing to explore the emerging markets with strong focus on solutions such as Fleet Management Solution, Intelligent Transport Solution, Vehicle Security, Geo-fencing, and Precision Positioning Services among others.
Tech Mahindra will play the role of System Integrator of NIS solutions, and will also customize the solutions as per Indian requirements, wherever required.
"We are pleased to partner with NIS-GLONASS as the variety, quality and scale of solutions they have implemented in Russia is impressive. This partnership besides addressing the growing markets will also facilitate the synergy between Tech Mahindra’s Telematics & M2M capabilities and GLONASS capabilities" said CP Gurnani, Managing Director, Tech Mahindra.
"Teaming up with such a major player as Tech Mahindra Limited, will help us to develop effective business not only in the subcontinent territory, but also in the Pacific Rim countries & MEA", commented Alexander Chub, director general of JSC NIS.
Besides India, the strategic partnership will cover emerging markets like MEA, APAC and CIS countries and will support world-wide propagation of GLONASS-based navigation solutions.