Global aerospace leader Embraer and Adani Defence & Aerospace signed a memorandum of understanding (MoU) on 27 January. As per the MoU, both the firms will create an integrated regional transport aircraft ecosystem in India. Both the firms will be working together on opportunities in aircraft manufacturing, supply chain, aftermarket services, and pilot training. In keeping with the Aatmanirbhar Bharat plan and the UDAN regional connectivity vision, the firms hope to progress India’s Regional Transport Aircraft (RTA) programme by establishing an assembly line and then gradually increasing indigenisation.India a Key Market for Embraer: MeijerIndia is a crucial market for Embraer, according to Arjan Meijer, President and CEO of Embraer Commercial Aviation. Through this agreement, Adani’s strong industrial capabilities and dedication to indigenisation are combined with the firm’s aircraft expertise. In order to assist India’s RTA aspirations, both companies will work together to assess the most practical, cutting-edge, and effective solutions as well as their potential for implementation.Adani’s aviation value-chain footprint, which includes airport infrastructure, aerospace manufacturing, MRO services, and pilot training, will be combined with Embraer’s extensive engineering and aircraft manufacturing experience in the proposed cooperation. Regional aviation is the foundation of economic growth, according to Jeet Adani, Director of… Read MoreStartupTalky- Business News, Insights and Stories
