Airbus and Mahindra to make copters.
AIRBUS has teamed up with the Mahindra Group to establish a joint venture ( JV) for manufacturing helicopters for the Indian armed forces. The JV, between Airbus Helicopters and Mahindra Defence, aims to become the first private Indian helicopter manufacturer under the ' Make in India' initiative, the companies said on Friday.
To be set up in the coming months, the venture would produce helicopters to meet the country's military requirements.
Both companies will now discuss to finalise formation of the JV, which will act as the prime contractor for military helicopter tenders, including the Reconnaissance and Surveillance Helicopter, the Naval Utility Helicopter and the Naval Multirole Helicopter procurement programmes, the firms said in a statement.
The venture would create hundreds of high- tech jobs locally and lead to a flow of cutting- edge technologies to India should it be selected in the government's helicopter tenders. Guillaume Faury, Airbus Helicopters president and chief executive officer, said, " The joint venture would be dedicated to supplying the Indian armed forces with made- in- India, state- of- the- art helicopters of high reliability, quality and safety standards based on combat- proven platforms."
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