Tuesday, February 08, 2011

Aero India to be stage for overseas tie-ups

Overseas companies in the race for defence projects such as the medium multirole combat aircraft and the futuristic infantry combat vehicle will look for strategic partnerships, joint ventures and other deals that will help them enter the Indian market during Aero India, being held in Bangalore on 9-13 February.
The number of exhibitors has gone up from 176 in 1998 to 676 this year, 380 of which are from overseas.
Companies and government delegations from more than 20 countries are participating in the exhibition, including Airbus, Boeing, Eurocopter, GE Aviation. They will be looking to form partnerships or sign deals with smaller firms that can add to their supply chains.
Maini Global Aerospace Private Ltd (MGA), for instance, has formed a strategic partnership with GE that is to be announced during the event.
“We will be supplying components for GE engines,” said Naresh Palta, vice-president and chief executive of the company that was launched during the last Aero India show in 2009. “We are into aircraft structures, aircraft systems, engine components and sub-assemblies and airport and ground support systems.”
Another small and medium enterprise, Axis Aerospace and Technologies Pvt. Ltd, signed a memorandum of understanding to form a joint venture (JV) with Russia’s FGUP Rosoboronexport on Monday.
08/02/11 Bhargavi Kerur/Live Mint
To Read the News in full at Source, Click the Headline


Post a Comment