New Delhi: European major Airbus has teamed up with diversified Mahindra Group to establish a joint venture for manufacturing helicopters for the Indian Armed Forces. The joint venture between Airbus Helicopters and Mahindra Defence aims to become the “first private Indian helicopter manufacturer under the ‘Make in India’ initiative, said the company on Friday.
To be set up in the coming months, the venture would produce helicopters to meet the country’s military requirements. According to the 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 governmental helicopter tenders.
S P Shukla, Mahindra’s group president (aerospace and defence sector) and chairman, Mahindra Defence Systems, said the joint venture would produce “India’s next generation helicopters that will not only answer our country’s defence needs but will also have the potential for exports in the future.”
Mahindra Defence is a Mahindra Group subsidiary and Airbus Helicopters is a division of Airbus Group.