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Airbus Helicopters and Mahindra Defence to jointly produce military helicopters in India

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World Defense & Security Industry News - Airbus and Mahindra
 
 
 
Airbus Helicopters and Mahindra Defence to jointly produce military helicopters in India
 
Airbus Helicopters on Friday July 3rd announced that it will join hands with Indian company 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, released the indian daily Economic Times. The teaming represents a significant step forward in the country's 'Make in India' ambition, the press release said.
     
Airbus Helicopters on Friday July 3rd announced that it will join hands with Indian company 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, released the indian daily Economic Times. The teaming represents a significant step forward in the country's 'Make in India' ambition, the press release said. Alouette III / Chetak light utility helicopter, manufactured under license in India by HAL
     
"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.

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.

Other companies in the running for the joint venture included Reliance Industries and Tata Group, an Airbus Helicopters executive told Reuters in February.

Under current rules, foreign ownership in joint ventures in India's defence industry is limited to 49%.

(Source: Economic Times)