Airbus-Mahindra Mahindra Defence Systems Limited, a
subsidiary of Mahindra Group and Airbus Helicopter have inked pact to form a
joint venture company to produce helicopters in India. In this regard, both
entities have signed a memorandum of understanding to form a joint venture. The
tie-up will bid for defense contracts in India under the Union government’s
flagship ‘Make in India’ programme. It will also help to develop an indigenous
industrial ecosystem dedicated to helicopters especially for defence purpose.
The joint venture will supply dedicated high-tech helicopters of high quality,
reliability and safety standard based on combat-proven platform to Indian Armed
Forces with Made-in-India tag. It should be noted that the proposed joint
venture after its formation will become the first private Indian helicopter
manufacturer under the ‘Make in India’ programmed
EmoticonEmoticon