Wipro Infrastructure Engineering (WIN) and Israel's largest aerospace and defence firm Israel Aerospace Industries (IAI) on Wednesday announced a strategic alliance for manufacturing composite aerostructure parts and assemblies.
The facility will make composite structures in India for global markets and address the compliance requirements of IAI, other OEMs and Tier-1 suppliers to meet Defense Offset Guidelines detailed by the Ministry of Defence, the company said.
"WIN sees the aerospace industry as strategic to its future," Wipro said in a release here.
In 2016, WIN acquired H R Givon Ltd, an Israel-headquartered manufacturer of metallic parts and assemblies for the Aerospace industry, which has three manufacturing plants, two in Israel and one in the US.
The acquisition has helped WIN further expand its product portfolio in aerostructure parts and assemblies, expand global footprint and forge deeper customer relationships, the release said.
Pratik Kumar, Chief Executive Officer, Wipro Infrastructure Engineering & Executive Director, Wipro Enterprises (P) Limited, said the partnership will not only strengthen their presence in the growing aerospace sector but also help explore emerging business opportunities in key markets.
EVP and General Manager of the Commercial Aircraft Group, IAI, ShlomiKarako said, "We look forward to assisting Wipro in building its composite facility with knowhow and technologies that we will provide in the near future as part of the Indian government's 'Make in India' initiative and plan to expand the collaboration even further in the future."
IAI Ltd. Specialises in developing and manufacturing advanced, state-of-the-art systems for air, space, sea, land, cyber and homeland security.
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