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Airbus Helicopters on Friday said that it will join hands with Mahindra Defence, to produce helicopters in India in order to meet the country's military requirements.
The resulting joint venture aims to become the first private Indian helicopter manufacturer under the 'Make in India' initiative. The teaming represents a significant step forward in the country's 'Make in India' ambition, the press release said.
"Both companies will now get into discussions to finalize the formation of the joint venture which will act as the prime contractor for India's military helicopter tenders including the Reconnaissance and Surveillance Helicopter, the Naval Utility Helicopter and the Naval Multirole Helicopter procurement programs," Airbus' press release said.
"We have an unparalleled track-record of successful industrial collaborations with local partners across the world. We are convinced that with Mahindra we will not only have a mutually rewarding association but one which will offer immense benefits to India," said Guillaume Faury, Airbus Helicopters President & CEO.
"The tie-up is in line with our intent to develop an indigenous industrial ecosystem for helicopters. The joint venture will be dedicated to supplying the Indian Armed Forces with Made-in-India, state-of-the-art helicopters of high reliability, quality and safety standard based on combat-proven platforms," Faury added.
"This arrangement between two established and trusted industrial players will create a formidable partnership," said S. P. Shukla, Group President, Aerospace and Defence Sector and Chairman, Mahindra Defence Systems Limited. "We have extensive expertise in engineering, automotive and fixed-wing sectors and have made substantial investments in aero components manufacturing, while Airbus Helicopters offers best-in-class rotorcraft platforms. Together, we will produce India's next-generation helicopters that will not only answer our country's defence needs but will also have the potential for exports in the future," Shukla added.
Push for Make in India: Airbus & Mahindra to jointly manufacture military helicopters - The Economic Times
The resulting joint venture aims to become the first private Indian helicopter manufacturer under the 'Make in India' initiative. The teaming represents a significant step forward in the country's 'Make in India' ambition, the press release said.
"Both companies will now get into discussions to finalize the formation of the joint venture which will act as the prime contractor for India's military helicopter tenders including the Reconnaissance and Surveillance Helicopter, the Naval Utility Helicopter and the Naval Multirole Helicopter procurement programs," Airbus' press release said.
"We have an unparalleled track-record of successful industrial collaborations with local partners across the world. We are convinced that with Mahindra we will not only have a mutually rewarding association but one which will offer immense benefits to India," said Guillaume Faury, Airbus Helicopters President & CEO.
"The tie-up is in line with our intent to develop an indigenous industrial ecosystem for helicopters. The joint venture will be dedicated to supplying the Indian Armed Forces with Made-in-India, state-of-the-art helicopters of high reliability, quality and safety standard based on combat-proven platforms," Faury added.
"This arrangement between two established and trusted industrial players will create a formidable partnership," said S. P. Shukla, Group President, Aerospace and Defence Sector and Chairman, Mahindra Defence Systems Limited. "We have extensive expertise in engineering, automotive and fixed-wing sectors and have made substantial investments in aero components manufacturing, while Airbus Helicopters offers best-in-class rotorcraft platforms. Together, we will produce India's next-generation helicopters that will not only answer our country's defence needs but will also have the potential for exports in the future," Shukla added.
Push for Make in India: Airbus & Mahindra to jointly manufacture military helicopters - The Economic Times
