(NSI News Source Info) NEW DELHI - June 3, 2009: The monopoly held by India's state–owned aeronautic manufacturer, Hindustan Aeronautics Ltd. (HAL), has been brok
en by the private firm Tata Advanced Systems Ltd. [TASL], which struck a joint venture with U.S.-based Sikorsky Aircraft to manufacture helicopters here.
An executive of TASL said the helicopters will be built for both defense and civil purposes, and include utility and strike versions for the armed forces.
Sikorsky is already in the race for India's program to procure 197 utility helos, along with AgustaWestland of the United Kingdom, Eurocopter of France , Kamov of Russia and Bell Helicopter of the United States.
The joint venture between TASL and Sikorsky is being set up near the central Indian city of Hyderabad in an Aerospace Special Economic Zone. The joint venture will be built at a cost of $200 million and the plant will be commissioned in one year, added the TASL executive.
Tata Group, which is the parent of TASL, already has an agreement with U.S. aerospace major Boeing to handle an initial $500 million of defense-related aerospace component work in India for export to Boeing.
Last year, TASL announced that it is joining hands with EADS to bid for the Indian Army's $1 billion advanced tactical communications system project. TASL also signed a memorandum of understanding last year with Israel Aerospace Industries to set up a defense technology company in India to jointly produce a wide range of defense and aerospace products.
en by the private firm Tata Advanced Systems Ltd. [TASL], which struck a joint venture with U.S.-based Sikorsky Aircraft to manufacture helicopters here.
An executive of TASL said the helicopters will be built for both defense and civil purposes, and include utility and strike versions for the armed forces.
Sikorsky is already in the race for India's program to procure 197 utility helos, along with AgustaWestland of the United Kingdom, Eurocopter of France , Kamov of Russia and Bell Helicopter of the United States.
The joint venture between TASL and Sikorsky is being set up near the central Indian city of Hyderabad in an Aerospace Special Economic Zone. The joint venture will be built at a cost of $200 million and the plant will be commissioned in one year, added the TASL executive.
Tata Group, which is the parent of TASL, already has an agreement with U.S. aerospace major Boeing to handle an initial $500 million of defense-related aerospace component work in India for export to Boeing.
Last year, TASL announced that it is joining hands with EADS to bid for the Indian Army's $1 billion advanced tactical communications system project. TASL also signed a memorandum of understanding last year with Israel Aerospace Industries to set up a defense technology company in India to jointly produce a wide range of defense and aerospace products.
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