Punjab signs MoU with IHS to establish MRO for helicopter

Chandigarh: Punjab will soon have maintenance, repair and overhaul (MRO) hub for helicopter at Sri Anandpur sahib.
A Memorandum of Understanding (MoU) to this effect was inked here today between Punjab State Industrial Development Corporation (PSIDC) and Interrelated Helicopter Services Pvt. Ltd (IHS Pvt Ltd) through a joint venture between JSC Russian Helicopter of Russia and Vectra Group of India.
The MRO would be developed over an area of 50 acre near Sri Anandpur Sahib at a cost of Rs 30 crore, an official spokesman said.
The company is also actively considering a proposal to undertake the construction of Air Strip and a Flying Training Institute at a cost of Rs 100 crore.
01/10/09 PTI/Indopia