Defexpo 2012
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DefExpo 2012: Rossell India and CAE form Indian helicopter JV
29 March 2012 - 20:23 by Ian Kemp in New Delhi
Rossell India announced at Defexpo India 2012 that the Indian Foreign Investment Promotion Board has approved its plan to form a joint venture (JV) company with CAE to provide synthetic training solutions for the Indian defence market. Rossell India will hold a 74% of the joint venture company with CAE the remainder.
'We wish to maximise business opportunities by leveraging CAE's breadth of simulation technologies in line with India's offset policy, and this joint venture company with Rossell will enable us to do so,' Ananth Ramaswami, Managing Director of CAE India, told Shephard.
The objective of the JV will be to focus primarily on providing training solutions for defence procurements where India is acquiring foreign platforms. The Indian Ministry of Defence is seeking to further develop the indigenous capabilities of Indian industry and this Indian-owned JV company will fully qualify to meet this objective under the Indian offset criteria for defence programmes.
CAE has substantially expanded its presence in India from 13 employees in 2004 to more than 300 today. In February 2011 CAE officially inaugurated its new aerospace and defence complex in Bengaluru, where CAE India designs and develops training systems for the India armed forces and CAE operates an engineering centre of excellence for the development of visual databases and other software components for CAE's simulators.
CAE also trains pilots from India's main airlines at its Bengaluru aviation training centre and jointly owns with Hindustan Aeronautics Limited (HAL) the Helicopter Academy to Train by Simulation of Flying (HATSOFF), India's first advanced helicopter training centre, located in Bengaluru.
As CAE India is 100% owned by the Canada-based CAE, contracts awarded to the Indian subsidiary do not count toward meeting the offset requirements stipulated by the Indian government for defence contracts awarded to foreign companies.
'Rossell has been looking for growth opportunities and we are pleased to form a joint venture with a global leader such as CAE,' said Harsh Mohan Gupta, Executive Chairman, Rossell India. 'The Indian Ministry of Defence has specifically recognised simulation and training services as being eligible for offsets so we expect this company, which will have access to CAE's world-class technology and experience, to be an attractive partner to foreign OEMs looking to meet offset requirements.'
As well as producing the indigenous HAL Advanced Light Helicopter and buying 80 Kazan Helicopters Mi-17V5 medium lift helicopters, the Indian Ministry of Defence is considering the acquisition of the Boeing CH-47F Chinook medium lift and AH-64D Apache attack helicopters, and is evaluating the Sikorsky S-70B and NH Industries NH90 for the Indian Navy's Multi-Role Helicopter requirement. CAE produces simulators for most of the types being fielded or under consideration.
http://www.shephardmedia.com/news/rotorhub/defexpo-2012-rossell-india-and-cae-form-indian-hel/
29 March 2012 - 20:23 by Ian Kemp in New Delhi
Rossell India announced at Defexpo India 2012 that the Indian Foreign Investment Promotion Board has approved its plan to form a joint venture (JV) company with CAE to provide synthetic training solutions for the Indian defence market. Rossell India will hold a 74% of the joint venture company with CAE the remainder.
'We wish to maximise business opportunities by leveraging CAE's breadth of simulation technologies in line with India's offset policy, and this joint venture company with Rossell will enable us to do so,' Ananth Ramaswami, Managing Director of CAE India, told Shephard.
The objective of the JV will be to focus primarily on providing training solutions for defence procurements where India is acquiring foreign platforms. The Indian Ministry of Defence is seeking to further develop the indigenous capabilities of Indian industry and this Indian-owned JV company will fully qualify to meet this objective under the Indian offset criteria for defence programmes.
CAE has substantially expanded its presence in India from 13 employees in 2004 to more than 300 today. In February 2011 CAE officially inaugurated its new aerospace and defence complex in Bengaluru, where CAE India designs and develops training systems for the India armed forces and CAE operates an engineering centre of excellence for the development of visual databases and other software components for CAE's simulators.
CAE also trains pilots from India's main airlines at its Bengaluru aviation training centre and jointly owns with Hindustan Aeronautics Limited (HAL) the Helicopter Academy to Train by Simulation of Flying (HATSOFF), India's first advanced helicopter training centre, located in Bengaluru.
As CAE India is 100% owned by the Canada-based CAE, contracts awarded to the Indian subsidiary do not count toward meeting the offset requirements stipulated by the Indian government for defence contracts awarded to foreign companies.
'Rossell has been looking for growth opportunities and we are pleased to form a joint venture with a global leader such as CAE,' said Harsh Mohan Gupta, Executive Chairman, Rossell India. 'The Indian Ministry of Defence has specifically recognised simulation and training services as being eligible for offsets so we expect this company, which will have access to CAE's world-class technology and experience, to be an attractive partner to foreign OEMs looking to meet offset requirements.'
As well as producing the indigenous HAL Advanced Light Helicopter and buying 80 Kazan Helicopters Mi-17V5 medium lift helicopters, the Indian Ministry of Defence is considering the acquisition of the Boeing CH-47F Chinook medium lift and AH-64D Apache attack helicopters, and is evaluating the Sikorsky S-70B and NH Industries NH90 for the Indian Navy's Multi-Role Helicopter requirement. CAE produces simulators for most of the types being fielded or under consideration.
http://www.shephardmedia.com/news/rotorhub/defexpo-2012-rossell-india-and-cae-form-indian-hel/
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