In another boost for Make in India, Boeing and Tata Advanced Systems (
TASL) have agreed to work together on manufacturing aerospace and
defence equipment including unmanned aerial vehicles, the US company
said on Wednesday.
Boeing said in a statement that the two firms intend to sell into markets products that they have jointly developed.
The
government is trying to encourage more companies to manufacture in
India and boost skilled employment, particularly in defence.
Tata Advanced Systems, which already works with Airbus Group and Lockheed Martin, is owned by conglomerate Tata Sons.
The
agreement was signed by Shelley Lavender, president of Boeing Military
Aircraft and Sukaran Singh, managing director and chief executive
officer of TAS at Hyderabad where the TASL facility is located at Adibatla. TASL already has a contract to manufacture
aerostructures for Boeing''s CH-47 Chinook and AH-6i helicopters.
The collaboration, which is in line with the government''s ''Make in
India'' initiative, will not only work in the domestic market but will
also be for international markets.
"This agreement with TASL is
significant because it demonstrates Boeing’s commitment to expanding its
aerospace manufacturing footprint in India," Lavender was quoted as
saying in a Boeing statement.
"As we step into our 100th year in
business, a new aerospace partnership with India is the perfect
milestone to accelerate the momentum we have generated for making in
India," said Pratyush Kumar, president for Boeing India.
"It is
noteworthy that TASL will produce Chinook helicopter parts in India even
before the procurement contract is signed with the Indian government,"
he said. Government is in the process of clearing a contract worth over
USD 2.5 billion for 22 Apache attack helicopters and 15 Chinook
heavy-lift choppers.
S Ramadorai, Chairman of TASL, said this
gives them an opportunity to explore the massive potential in India for
aerospace manufacturing and make the investments required to grow the
industry.
Last month, Airbus Helicopters and Mahindra Defence, a
Mahindra Group announced a plan to produce helicopters to cater to
India''s military requirements as the Modi government readies to place
$10 billion worth of helicopter orders for reconnaissance, surveillance
and naval utility.
PLS34: SHANKARPALLI - PRE LAUNCH BOOKING OPEN! HMDA Plot Layout 200 to 300 sqd Residential Plots near town.
Click Here for Details
New Villa Project
GB245: MOKILA - PRE LAUNCH BOOKING OPEN! Gated Luxury Villas, at MOKILA 267 SQD, 2400SFT Duplex Villas. Upfront booking open for 5 Villas at throw away price!
Click Here for Details
