Airbus Helicopters and Mahindra Defence are to produce indigenous military helicopters for Indian military services.
Representatives from both companies have signed a statement of intent, following a memorandum of understanding (MoU) last July that formed the joint venture (JV) as part of the Make in India initiative.
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Mahindra & Mahindra Aerospace and Defence Group president SP Shukla said: "We have made significant progress in setting up the joint venture and together the companies are creating a world-class advanced helicopter production facility in India."
Airbus Helicopters president & CEO Guillaume Faury said: "Through this partnership, we target building several of our globally leading helicopter models in India. This will lead to the transfer of state-of-the-art technologies, development of manufacturing activities and creation of high-skilled jobs in India."
The companies also plan to establish a final assembly line in India, develop tier-1 and tier-2 suppliers, and transfer technology to achieve 50% indigenous content.
To be established after the receipt of customary regulatory approvals, the JV will manufacture helicopter parts and define additional work packages for its proposed assembly line in India.
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By GlobalDataThe companies are currently evaluating the existing local supply chain for the JV, identifying potential industrial sites, and defining initial work packages to be transferred to India.
