HAL is welcome to explore tie-up with Embraer

IBSA

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HAL is welcome to explore tie-up with Embraer: Brazilian ambassador Published May 17, 2020 | By admin SOURCE: RAUNAK KUNDE / NEWS BEAT / IDRW.ORG



Brazil’s ambassador to India Andre Aranha Correa do Lago in An interview with India’s Public Broadcaster Doordarshan has said that Indian state-owned aerospace and defense company Hindustan Aeronautics Limited (HAL) is welcome to explore a tie-up with Brazilian aerospace conglomerate Embraer Aerospace company after Boeing pulled out of a $4.2 billion deal to acquire the commercial plane division of its Brazilian rival Embraer.

Former Chairman and Managing Director of Hindustan Aeronautics Limited (HAL) Dr.R.K.Tyagi has written a letter to Hardeep Singh Puri who is Minister of Civil Aviation of India had advocated India buying at least 51% stake in the Brazilian aerospace conglomerate Embraer S.A., so that E-Jet E2 medium-range jet airliners and ERJ145 Regional Jet can be used to meet the requirements of the UDAN scheme where according to him there is a requirement for nearly 300 aircraft in next decade or so. Tyagi says these jets can be manufactured in phase manner in India and Government should considering buying the majority stake in the company before others especially China makes an offer.

Many Defence Analysts in India had supported using Embraer developed E190-E2 regional jet model to meet India’s defense requirements like that of AWACS, Mid-Air Refuellers, and Signal Intelligence (SIGINT).

idrw.org .Read more at India No 1 Defence News Website https://idrw.org/hal-is-welcome-to-...eYbJmmAu_0-FApfg-UxzIcYOflYl336RvEgkkpf1xTcug .
 

Shaitan

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Who is taking a bet on GoI (HAL) actually doing anything about this?
Have any of the government company's went out acquired foreign assets? Only examples I can think of are from the private sector.
 

arkos

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This deal only works if an order for civilian passengers planes is assured. Buying a majority stake in Embraer just for military purposes is plain waste of money. With covid decimating the aviation sector and still far away for things to return to normal I don't think orders for new civilian planes is coming anytime soon.
 

proud_indian

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Have any of the government company's went out acquired foreign assets? Only examples I can think of are from the private sector.
the one I can think of is EESL. It acquired UK's energy firm Edina in 2018.


EESL acquires U.K. energy firm Edina for ₹493 crore

SPECIAL CORRESPONDENT
UPDATED: MARCH 20, 2018 22:13 IST


Saurabh Kumar.


India’s state-run power services firm to help bring CHP tech

Energy Efficiency Services Limited (EESL) has acquired Edina, a supplier, installer and maintenance provider for combined heat and power (CHP), gas and diesel power generation solutions in the U.K. for £55 million (₹493 crore).

The acquisition, a first-of-its-kind by an entity under the Ministry of Power, was made through EESL’s U.K. subsidiary, EnergyPro Assets Limited (EPAL).


“Leveraging Edina’s unique bespoke approach with our business models for scaling energy efficiency solutions across international borders, we are confident in the potential of this partnership to scale trigeneration technology adoption and to transform CHP market in India,” said Saurabh Kumar, MD, EESL and chairman, EPAL.

“The acquisition is an important strategic step in our continued efforts towards facilitating India’s energy security and sustainable energy supply.”


£100 million revenue

Edina, with more than 30 years of experience, commands 27% of the gas engine market share and has revenue of £100 million, EESL said.
On the one hand, EESL aims to tap into U.K.’s £6 billion (₹53,782 crore) energy efficiency market, expanding the offering in the energy service contract model for CHP technology. On the other, EESL intends to bring CHP technology to India, providing an integrated service offering to industries that would enable them to receive equipment maintenance, electricity, heat and power at no upfront costs for technology installation, said a company statement.
EESL is implementing a global strategy and commitment to invest £150 million (₹1,343 crore) through EPAL into energy services business opportunities in the U.K., EU and North America between 2017 and 2019. EESL’s investment plan takes forward the commitment made by Prime Minister Narendra Modi of India and Prime Minister Theresa May of the U.K. for an enhanced ‘Energy for Growth’ Partnership between the two countries, the statement added.

 

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