Posted by- Neelam Mathews
July 26, 2011
Mahindra Aerospace and Mahindra Satyam have 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, says a statement.
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.”
“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 aerostructures manufacturing space. We see this MOU as a significant step forward for both of us as well as the domestic aviation industry, said Hemant Luthra, Chairman of Mahindra Aerospace and President and Member of the Group Executive Board of Mahindra & Mahindra.
“Mahindra Satyam has been providing IT and Engineering Services to the aerospace sector, and has been providing solutions to Airbus for the last several years. We are already closely engaged with the EADS Group and feel proud to be associated with Eurocopter, to provide our engineering capabilities for their range of products. This underscores our commitment and ambition to be a leading provider of value added services for the sector,” commented C P Gurnani, CEO of Mahindra Satyam.
Eurocopter India Private Limited launched in Oct 2010 is the first and only foreign helicopter manufacturer to have a dedicated Indian subsidiary.