NE BUSINESS BUREAU
AHMEDABAD/LUCKNOW, FEB 7
Global aerospace major Airbus India and Ahmedabad-based diversified business conglomerate Adani Defence & Aerospace on Thursday signed a Memorandum of Understanding (MoU) at DefExpo 2020 to leverage synergies in aerospace and civil aviation sector. The MoU was signed by Anand Stanley, President and MD, Airbus India & South Asia and Ashish Rajvanshi, Head of Adani Defence & Aerospace, said an Airbus release.
“Airbus and Adani will explore opportunities for collaboration in the area of aircraft services for Indian and South Asian market,” Adani Group said in a statement. According to Airbus, the Indian aircraft services market to grow to $6.3 billion by 2025.
“Airbus is not only the world’s leading civil aviation company but is also a major innovator and provider of aircraft services. This MoU demonstrates our commitment to support the development of India as a world-class services hub for aerospace products,” said Anand Stanley.
Adani Defence & Aerospace has established a comprehensive aerospace and defence ecosystem in India. With Adani’s recent foray into airports, this potential collaboration will leverage the synergies between the product and services excellence of Airbus and infrastructure, engineering and mega project execution capabilities of Adani.
“India is at the cusp of transformational growth in the aircraft services market. Our collaboration with Airbus is aligned to our vision of nation-building and indigenise critical technologies and services thus creating a vibrant ecosystem in aerospace capabilities in India,” said Ashish Rajvanshi.
Adani-Elbit to set up Design and Development Center in Hyderabad
Adani Defence and Israel’s Elbit Systems have also agreed to setup a “Design and Development Center” focusing on co-developing defence technologies aligned to the global requirement. Adani Elbit Advanced Systems India Ltd, a joint venture between Adani Defence and Elbit Systems has set up the first private UAV manufacturing complex at Adani Aerospace Park in Hyderabad.
