Mahindra Aerospace and Mahindra Satyam - representing the aerospace manufacturing and engineering capabilities of leading Indian industrial house, the Mahindra Group signed a Memorandum of Understanding (MOU) for a trade partnership with the Eurocopter Group and its Indian subsidiary, Eurocopter India. The partnership will be focused on manufacturing of sub assemblies, engineering and customization of civil helicopters and the joint development of specific market segments. Details of the scope and structure of the partnership will be decided in the coming months.
Noting that Mahindra is a long established and respected multinational group with great engineering and manufacturing competencies, Lutz Bertling, President and CEO of Eurocopter, pointed out that, "the synergies between our two companies will enhance our contributions to the Indian civil helicopter market."
Mr. Hemant Luthra, Chairman of Mahindra Aerospace and President and Member of the Group Executive Board of Mahindra & Mahindra, said, "We are delighted to work with the world's leading helicopter manufacturer to contribute to the growth of the Indian aeronautical industry and civil aircraft market. Eurocopter has a solid, long term strategy for the growth of the India market, while we are already creating a niche for ourselves in the fixed-wing aircraft and aero structures manufacturing space. We see this MOU as a significant step forward for both of us as well as the domestic aviation industry."
No comments:
Post a Comment