MOSCOW: Russia's top aircraft manufacturer Sukhoi is exploring the possibility of investing in an Indian joint venture (JV) for the maintenance and spares production of its combat aircraft Su 30 in what could make India a hub for the fighter fleets operating in the region.
Atop Sukhoi executive told ETthat the liberalised foreign direct investment (FDI) norms have opened the possibility of a JV and the Russian manufacturer is in talks with Indian private sector companies.
"In the near future, we may establish a joint venture and create a unit in India for service and maintenance that can implement repair and overhauls of the aircraft and engines jointly. We can also cover all the other nations in the region and repair and service their aircraft in India," Valery V Chishchevoy, marketing director of Sukhoi, told ET.
The executive said while similar plans were discussed in the past, the recent changes in the FDI policy has opened up a real possibility of setting up such a unit. On being asked by ET if Sukhoi would consider its traditional partner — Hindustan Aeronautics Limited (HAL) — or other Indian players for the proposed JV, Chishchevoy said the Russian entity is in talks with private companies and that Tata is the only one with technical expertise.
Maintenance and servicing of the Su 30 could mean big business, considering that the air force is believed to be spending well over Rs 3,000 crore annually on the fleet.
Read more at:
Russia’s Sukhoi optimistic about Tata for India joint venture - The Economic Times
