Eurocopter plans $1 bn investment in India

Mumbai: Eurocopter, the world’s largest civil and military helicopter manufacturer, will invest over $1 billion in India over the next two years.
A wholly owned subsidiary of European aerospace major EADS, the company has put in bids for over 500 helicopter manufacturing contracts for Indian defence.
The company is planning to set up an Indian subsidiary, a helicopter training school, and a maintenance, repair and overhaul (MRO) centre for helicopters in the country.
Eurocopter Regional Sales (South Asia) Director Rainer Farid pointed out that Eurocopter was also in the process of setting up a subsidiary, and a training school, which would be a hub for Asia. “This MRO will take care of all requirements of flight engineering and repair,” he added.
03/07/06 P R Sanjai /Business Standard

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