A strategic alliance to create an integrated ecosystem in India for the manufacturing of helicopters was launched on 3 February by the Adani Group and the Italian major Leonardo. This will greatly assist the ‘Make in India’ initiatives and the goal of increasing India’s self-sufficiency. Increasing India’s capacity to produce its own helicopters and meeting military demands are two goals of the industrial ecosystem.At a ceremony in the nation’s capital, Adani Defence & Aerospace and Leonardo signed a memorandum of understanding formalising their cooperation. Working together, the two companies will meet the needs of the Indian military, especially in the area of Leonardo’s cutting-edge AW169M and AW109 Trekker M helicopters.Key Features of the DealThe partnership will provide thorough pilot training, strong maintenance, repair, and overhaul (MRO) capabilities, and gradual indigenisation, according to the official announcement. India needs about 100 helicopters every year for the next decade. However, the country’s penetration density of helicopters is below 250 per 100,000 people.According to Jeet Adani, director of Adani Defence & Aerospace, the company is establishing a framework for an aviation ecosystem that would meet the country’s civil and military aviation requirements. He went on to say that the cooperation with Leonardo is based… Read MoreStartupTalky- Business News, Insights and Stories
