Ahead of Prime Minister Narendra Modi's visit to the headquarters of the European consortium Airbus in the French aviation and defence production hub of Toulouse, Airbus Industries is reported to have struck deals with six Indian engineering firms to bid for 100-helicopter order of the Indian Navy.
Modi who will go on a three-nation tour of Europe on 9 April, is expected to use the visit to push his government's 'Make In India' initiative.
A report in the Hindu Business Line today said Airbus Helicopters (formerly Eurocopter) is planning to partner multiple Indian vendors, including Mahindra Group, Reliance, Tata Group, Punj Lloyd, Pipavav, and L&T, to bag the naval helicopter contract.
The Navy is reported to be peeved at Airbus partnering with multiple Indian vendors to bag the contract for the Navy Utility Helicopters Programme, which is tentatively valued at $1.5 billion.
Partnering with six Indian companies would allow Airbus to make six different quotes so as to reasonably ensure that it wins the contract.
06/04/15 domain-b
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Modi who will go on a three-nation tour of Europe on 9 April, is expected to use the visit to push his government's 'Make In India' initiative.
A report in the Hindu Business Line today said Airbus Helicopters (formerly Eurocopter) is planning to partner multiple Indian vendors, including Mahindra Group, Reliance, Tata Group, Punj Lloyd, Pipavav, and L&T, to bag the naval helicopter contract.
The Navy is reported to be peeved at Airbus partnering with multiple Indian vendors to bag the contract for the Navy Utility Helicopters Programme, which is tentatively valued at $1.5 billion.
Partnering with six Indian companies would allow Airbus to make six different quotes so as to reasonably ensure that it wins the contract.
06/04/15 domain-b
