September 18, 2021

The World Stock Markets Tips & Targets, News, Views & Updates

The World Stock Markets Tips & Targets, News, Views & Updates

HAL, Rolls-Royce sign pact for Make-in-India Adour engine parts

Hindustan Aeronautics Limited and Rolls-Royce on Tuesday signed an agreement for Make-in-India Adour engine parts to support the latter’s international defence customer base.

Through this partnership, Rolls-Royce aims to strengthen the ecosystem for Adour engines in India by building on HAL’s existing capabilities for manufacturing and supporting the Adour engines for Indian customers over several decades, Bengaluru-headquartered HAL said in a statement.

This follows the MoU signed by Rolls-Royce and HAL during the Aero India 2021 to establish an authorised maintenance centre for Adour at HAL to support international military customers and operators.

HAL CMD, R Madhavan said that with over 30 years’ experience of supporting repair and maintenance services for the Adour engines in India, HAL has the capability and capacity to support a large defence customer base.

“This is the first order for supply of spares for the Adour Global Supply chain. We plan to be a key player in the supply chain of Adour engines and expect more orders to follow.

We look forward to working with Rolls-Royce to build on this capability to serve global market for supply of spares and MRO of Adour engines. This new partnership will create avenues for the two to expand the defence sourcing footprint in India”, he said.

President, Rolls-Royce India and South Asia, Kishore Jayaraman said his company’s valued partnership with HAL has grown from strength to strength over the last few decades and this is a significant step towards strengthening the defence manufacturing ecosystem in India.

Executive Vice President Business Development and Future Programmes (Defence), Rolls-Royce, Alex Zino, said, We are excited to expand our long-standing partnership with HAL to support long term sustainment of our Adour engines for both Indian and global customers”.

“This is our first defence supplies agreement in India and creates an opportunity for India to increase its defence exports given the robust demand forecast for high precision components in this sector”, he added.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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