Mahindra, Airbus to build Helicopters in India

India's Mahindra Defence and France's Airbus have agreed to form a Joint Venture for making military helicopters in India and recently signed a Statement of Intent in this regards. Previously, both the companies had also signed a Memorandum of Understanding (MoU) in July 2015. Through this partnership, the companies intend to target building of leading helicopter models in India. This will lead to the transfer of state-of-the-art technologies, development of manufacturing activities and creation of high-skilled jobs in India.

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