Mumbai: Can't wait to get those choppers in the sky," Anand G. Mahindra, chairman of the $17 billion Mahindra Group, tweeted on Sunday after Mahindra Defence Systems Ltd signed a statement of intent with Airbus Helicopters of Europe to make military helicopters.
The deal with Airbus is one of many such agreements that the Anand Mahindra-led conglomerate plans to enter into in the coming months as it positions itself as a serious contender in India's defence space, said two people familiar with the company's plans. Both asked not to be identified.
"Mahindra Group is a serious defence company. It has carefully chosen its strategy of collaborating with international companies to bid for Indian opportunities. There will be more collaborations in the making," said the first person.
The second person said the group will announce more joint ventures with international defence companies in the coming weeks.
Sunday's deal with Europe's Airbus Helicopters is part of this strategy. It is among the 16 agreements signed between India and France on 24 January--the first day of French President Francois Hollande's three-day visit to India.
26/01/16 AviationPros
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The deal with Airbus is one of many such agreements that the Anand Mahindra-led conglomerate plans to enter into in the coming months as it positions itself as a serious contender in India's defence space, said two people familiar with the company's plans. Both asked not to be identified.
"Mahindra Group is a serious defence company. It has carefully chosen its strategy of collaborating with international companies to bid for Indian opportunities. There will be more collaborations in the making," said the first person.
The second person said the group will announce more joint ventures with international defence companies in the coming weeks.
Sunday's deal with Europe's Airbus Helicopters is part of this strategy. It is among the 16 agreements signed between India and France on 24 January--the first day of French President Francois Hollande's three-day visit to India.
26/01/16 AviationPros
