Mahindra Group, Eurocopter sign MOU for trade partnership

  • 05-Aug-2011 10:19 EDT

Mahindra Aerospace and Mahindra Satyam, representing the aerospace manufacturing and engineering capabilities of the Mahindra Group, signed a memorandum of understanding for a trade partnership with the Eurocopter Group and its Indian subsidiary, Eurocopter India. The partnership will be focused on manufacturing of subassemblies, engineering and customization of civil helicopters, and the joint development of specific market segments. Details of the scope and structure of the partnership will be decided in the coming months. With the launch of its India subsidiary in October 2010, Eurocopter became the first and only foreign helicopter manufacturer to have a dedicated Indian subsidiary. One of the key priorities of the subsidiary is to identify synergies and opportunities for partnerships with local companies to strengthen the helicopter industry in India.

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