INCAT-HAL Aerostructures Limited Launched

Mumbai: INCAT, a global leader in engineering services outsourcing (ESO) and product development IT services and Hindustan Aeronautics Limited (HAL), Asia's premier aero structures manufacturer today announced a joint venture creating INCAT-HAL Aerostructures Limited. The new organization is immediately positioned to establish itself as a global leader in the engineering and design of aero structures.
"The objective of this joint venture is to undertake work packages related to engineering design services in aerostructures and also the captive offshore and on-site work load of both partners from aerospace OEMs, including offset programs," said M. Fakruddin, HAL Director - Corporate Planning and Marketing.
The joint venture, based at Bangalore will be the Preferred Delivery Center, for both organizations. The JV agreement was signed between HAL and Tata Technologies, INCAT's parent company. Both HAL and Tata Technologies will contribute 50% to the equity of the JV.
03/03/08 Business Wire India

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Categories: Indian Aviation- In General Mar 2008