Tata and Boeing Sign Agreement to Boost Indiaâ€™s Defence and Aerospace Sectors
Published By : 15 Jul 2015 |Published By : QYRESEARCH
“Make in India” initiative has received another major boost with Tata Advanced Systems Limited (TASL) and Boeing signing an agreement to work together in manufacturing in defence and aerospace sectors. Under the agreement, the two companies would also work on developing integrated systems such as unmanned aerial vehicles. According to the reports, the two giant companies would jointly access markets for products and platforms developed by them. Shelly Lavender, the president of Boeing Military Aircraft, and Sukaran Singh, the MD and CEO of TASL, signed on the dotted lines of the agreement. TASL has already bagged a contract to manufacture aerostructures for Boeing’s helicopters.
Lavender stated that the agreement with TASL is significant in terms of expanding Boeing’s aerospace manufacturing footprint in India. Boeing has stepped into its 100th year in business and this new partnership has turned out to be the perfect milestone to accelerate the growth of the company in India. According to Pratyush Kumar, the president of Boeing India, TASL will start manufacturing Chinook helicopter parts in India before the signing of the procurement contract with the Government of India.
S.Ramadorai, the chairman of TASL has attributed the framework agreement to the enhanced competencies of TASL and the strong vendor eco-system the company has established in India. He stated that this opportunity will let TASL to explore India’s huge potential in aerospace manufacturing sector and attract investments. He also hoped that the partnership will deliver high quality aerostructures. Other group companies of Tata such as TAL and TAML will supply manufacturing components to Boeing.