HAL and Snecma to form JV….hmmm so thats why HAL is in process of
setting up a large independent CNC Machining center lately….
http://inhome.rediff.com/money/2004/jun/17hal1.htm
June 17, 2004 15:51 IST
Hindustan Aeronautics Ltd, the public-sector defence undertaking, is in talks with Snecma Aerospace, a French aero-engine maker to set up a production unit in Bangalore for civil aircraft engine components.
“We will first start machining for engine blades in large volumes…they will bring the forgings, we will machine it,” HAL chairman N R Mohanty told reporters in Bangalore on Thursday.
The joint venture firm, for which investment plans have not been finalised, may initially hire factory space in Bangalore and later expand its operations, he said.
“We are going to finalise at the Farnborough Air Show (in Paris) next month,” Mohanty said, adding the investment would be shared equally between the two companies.
Besides Snecma, the European helicopter major Eurocopter and Israeli avionics firm Elbit have expressed interest in setting up joint ventures with HAL.
“All the joint ventures will have us on their board, but will have an independent management structure. HAL will not interfere in the day-to-day affairs of the JV,” Mohanty said, adding that HAL had been in talks with the three firms with a view to finalising the ventures.
Eurocopter is interested in outsourcing helicopter sub-assemblies and structural parts from India and Elbit is looking at jointly developing avionics for both the Indian and global markets.
Mohanty said HAL would involve private firms in building Saras aircraft for the civilian market and was a keen participant in developing the multi-role civilian aircraft.
Sign In
