As a part of the ‘Make in India’ initiative, Mahindra Defence and Airbus Helicopters have entered into an agreement to produce helicopters in India for the Indian defence sector. Both companies have signed a Statement of Intent, which was overseen by both PM Narendra Modi and French President François Hollande.
The alliance that would put India on the world map for manufacturing helicopters, has seen both companies steering ahead in the identification of potential industrial sites. The companies are also going forth in recognizing local supply chain of Tier I and Tire II suppliers and setting forth the process of work packages which would be transferred to India.
The production of military helicopters in India is a part of the ‘Make in India’ initiative and will see over 50% indigenous content. Targeting the military hardware market which is set to grow to $41 billion over the next 7 years, Mahindra Defence Systems Limited along with Airbus Helicopters will see the production of various globally leading models being produced in India while Airbus Helicopters will also transfer exclusive technologies and development of manufacturing activities to the country. It will also initiate the creation of highly skilled jobs in India.
Besides Mahindra Defence and Airbus Helicopters tie-up, US helicopter maker Sikorsky Aircraft Corp. along with Tata Advanced Systems Ltd will also be producing S-92 helicopter cabins at their manufacturing facility in Hyderabad.