Rotorcraft to set up helicopter manufacturing unit at GMR SEZ

Hyderabad: Indian Rotorcraft, a joint venture between Tatas and Italian company AgustaWestland, is likely to set up a helicopter manufacturing unit at GMR's aviation SEZ at the Rajiv Gandhi International Airport here soon.
The JV will manufacture AW119, an eight-seat utility helicopter here for AgustaWestland, a company owned by Italy-based Finmeccanica.
GMR Group Chairman G M Rao said an international helicopter manufacturer is planning to set up its shop in their SEZ but refused to confirm the name of the company.
Sources close to the development, however, said Indian Rotorcraft will be setting up the manufacturing facility in the SEZ.
Giuseppe Orsi, Chief Executive of AgustaWestland and Co-Chairman of Indian Rotorcraft said they initiated talks with two Special Economic Zones (SEZs) in Hyderabad, one within the airport and one outside the airport, where Tata already has its operations.
08/09/10 Press Trust of India/Business Standard

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Categories: Foreign Sep 2010, Indian Aviation- In General Sep 2010, New Sep 2010