Infotech Enterprises Limited (IEL) and Hindustan Aeronautics Limited (HAL) have formed a joint venture (JV) company to offer engineering design services for the aerospace sector.
The JV, an independent business entity, will mainly focus on aero-engines, technical publications and anticipated work from various OEMs under the offset programs. HAL and Infotech Enterprises would be 50:50 partners in this venture.
B V R Mohan Reddy, chairman and managing director, IEL, said, “Infotech and HAL have, over the years, built significant strengths in the aerospace sector. This JV will open a plethora of opportunities to provide comprehensive engineering services to customers in the aerospace sector. Increasingly customers across the globe are looking for comprehensive solutions from a single vendor. The JV will be in a position to pitch for complete system-level solutions.”
“With offset program related work expected to flow into India from 2009, this JV will be in a strong position to pitch for and win a large portion of engineering services work. The JV will work on the lines of comparable services companies, with high responsiveness to customer"s design requirements,” remarked Ashok K Baweja, chairman, HAL.
Updated Date: Jan 31, 2017 01:08:03 IST