India’s Tata business group and France’s Airbus have signed a deal to make civilian helicopters, hoping to boost an overlooked sector of the vast Indian air travel market. It’s the latest in a line-up of promising aviation collaborations between the two countries.
Issued on:
2 min
The two groups inked the deal during French President Emmanuel Macron’s recent trip to Delhi, with promises for a fully fledged assembly line in India by 2026.
The project comes as part of Delhi’s long-running Make In India campaign. The drive is one of Indian Prime Minister Narendra Modi’s flagship programmes to reduce dependence on imports by boosting domestic manufacturing, in turn creating 100 million jobs.
In a statement, Airbus CEO Guillaume Faury said: “A ‘Made-in-India’ civil helicopter will not only be a symbol of the confident…
Boutique Travel VC raises investment cap from $1.5M to $10M to lead rounds and support portfolio companies through growth Travel...
Read moreDetails
