Bengaluru: Airbus Helicopters said on Friday it is in talks with Indian companies including Mahindra and Mahindra, Reliance Industries and Tata Group to jointly make military helicopters, to comply with rules aimed at helping the local defence industry.
The company, part of Airbus Group, is offering to build its light utility AS550 Fennec and the medium lift EC725 for India's armed forces, which are heavily dependent on an ageing fleet of Cheetah and Chetak helicopters.
"We are in the selection process, talking to different industries to form a JV (joint venture)," Rainer Farid, a senior Airbus Helicopters executive told Reuters on the sidelines of the Aero India airshow in Bengaluru on Friday.
Under Prime Minister Narendra Modi's "Make in India" initiative, foreign contractors used to selling directly to New Delhi must form partnerships with local companies and transfer more of the work to help to develop the country's defence industry.
20/02/15 Reuters
The company, part of Airbus Group, is offering to build its light utility AS550 Fennec and the medium lift EC725 for India's armed forces, which are heavily dependent on an ageing fleet of Cheetah and Chetak helicopters.
"We are in the selection process, talking to different industries to form a JV (joint venture)," Rainer Farid, a senior Airbus Helicopters executive told Reuters on the sidelines of the Aero India airshow in Bengaluru on Friday.
Under Prime Minister Narendra Modi's "Make in India" initiative, foreign contractors used to selling directly to New Delhi must form partnerships with local companies and transfer more of the work to help to develop the country's defence industry.
20/02/15 Reuters
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