Textron names new India head

New Delhi: US aviation and defence major Textron, which is looking at India as a major market in the coming years, named former HAL chief N R Mohanty as head of its operations in the country.
Making the announcement, Textron Inc vice-president Mary Howell said the firm expected to clock sales of one billion dollars in India over the next five years.
"India is one of the main markets for future development," Howell told reporters here, adding Textron wanted to marry its "great technology" with the country's "great talent".
Bell Helicopter, one of Textron's brands, currently has 56 per cent of India's helicopter market and is in the race to sell 197 helicopters to the Indian Army. Once the contract is finalised, Hindustan Aeronautics Limited (HAL) will manufacture a majority of these helicopters under licence.
16/01/07 PTI/Financial Express

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