You are here: Home » Companies » News
Business Standard

Mahindra, Airbus sign pact to form JV for military helicopters in India

The statement of intent was signed both companies in the presence of PM Modi and French President Hollande

Press Trust of India  |  Chandigarh 

Mahindra, Airbus sign pact to form JV for military helicopters

Taking forward the memorandum of understanding signed in July, and today inked a pact to form a to produce in India.

The statement of intent was signed today by representatives of both companies in the presence of Prime Minister and French President Francois Hollande.



"We have made significant progress in setting up the and together the companies are creating a world-class advanced helicopter production facility in India," Mahindra and Mahindra Group President for Aerospace and Defence S P Shukla said.

and have already started working on steps to produce helicopter parts locally and are defining additional work packages to be industrialised in India.

Simultaneously, both sides are evaluating potential industrial sites and are screening the existing local supply chain while moving ahead with the setting up of the JV.

"Through this partnership, we target building several of our globally leading helicopter models in India. This will lead to the transfer of state-of-the-art technologies, development of manufacturing activities and creation of high-skilled jobs in India," said President and CEO Guillaume Faury.

The companies are proposing to set up a final assembly line in India, develop tier-1 and tier-2 suppliers and make extensive transfer of technology, with the intent to ultimately achieve 50% indigenous content.

"and have agreed on a blueprint that can put on the world map for military helicopter manufacturing," President of Airbus Group Pierre de Bausset said.

The JV formation will be subject to customary regulatory approvals.

"The helicopters we are proposing are of proven designs. We are laying the groundwork with the objective to ramp up quickly," Naval Systems CEO Devendra Bhatnagar said.

RECOMMENDED FOR YOU

Mahindra, Airbus sign pact to form JV for military helicopters in India

The statement of intent was signed both companies in the presence of PM Modi and French President Hollande

The statement of intent was signed both companies in the presence of PM Modi and French President Hollande Taking forward the memorandum of understanding signed in July, and today inked a pact to form a to produce in India.

The statement of intent was signed today by representatives of both companies in the presence of Prime Minister and French President Francois Hollande.

"We have made significant progress in setting up the and together the companies are creating a world-class advanced helicopter production facility in India," Mahindra and Mahindra Group President for Aerospace and Defence S P Shukla said.

and have already started working on steps to produce helicopter parts locally and are defining additional work packages to be industrialised in India.

Simultaneously, both sides are evaluating potential industrial sites and are screening the existing local supply chain while moving ahead with the setting up of the JV.

"Through this partnership, we target building several of our globally leading helicopter models in India. This will lead to the transfer of state-of-the-art technologies, development of manufacturing activities and creation of high-skilled jobs in India," said President and CEO Guillaume Faury.

The companies are proposing to set up a final assembly line in India, develop tier-1 and tier-2 suppliers and make extensive transfer of technology, with the intent to ultimately achieve 50% indigenous content.

"and have agreed on a blueprint that can put on the world map for military helicopter manufacturing," President of Airbus Group Pierre de Bausset said.

The JV formation will be subject to customary regulatory approvals.

"The helicopters we are proposing are of proven designs. We are laying the groundwork with the objective to ramp up quickly," Naval Systems CEO Devendra Bhatnagar said.
image
Business Standard
177 22

Mahindra, Airbus sign pact to form JV for military helicopters in India

The statement of intent was signed both companies in the presence of PM Modi and French President Hollande

Taking forward the memorandum of understanding signed in July, and today inked a pact to form a to produce in India.

The statement of intent was signed today by representatives of both companies in the presence of Prime Minister and French President Francois Hollande.

"We have made significant progress in setting up the and together the companies are creating a world-class advanced helicopter production facility in India," Mahindra and Mahindra Group President for Aerospace and Defence S P Shukla said.

and have already started working on steps to produce helicopter parts locally and are defining additional work packages to be industrialised in India.

Simultaneously, both sides are evaluating potential industrial sites and are screening the existing local supply chain while moving ahead with the setting up of the JV.

"Through this partnership, we target building several of our globally leading helicopter models in India. This will lead to the transfer of state-of-the-art technologies, development of manufacturing activities and creation of high-skilled jobs in India," said President and CEO Guillaume Faury.

The companies are proposing to set up a final assembly line in India, develop tier-1 and tier-2 suppliers and make extensive transfer of technology, with the intent to ultimately achieve 50% indigenous content.

"and have agreed on a blueprint that can put on the world map for military helicopter manufacturing," President of Airbus Group Pierre de Bausset said.

The JV formation will be subject to customary regulatory approvals.

"The helicopters we are proposing are of proven designs. We are laying the groundwork with the objective to ramp up quickly," Naval Systems CEO Devendra Bhatnagar said.

image
Business Standard
177 22

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard