Airbus Helicopters and Mahindra Defence ink pact for JV

Representatives of Airbus Helicopters (a division of Airbus Group) and Mahindra Defence have signed a statement of intent on January 24, 2016 – in the presence of Prime Minister Narendra Modi and the visiting French PresidentFrancois Hollande – for producing military helicopters in India. This follows a memorandum of understanding (MoU) signed by the two companies last July to form a joint venture as a part of the ‘Make in India’ initiative.

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