Russia’s Sukhoi optimistic about Tata for India joint venture

Russia’s Sukhoi optimistic about Tata for India joint venture

Russia’s Sukhoi is exploring the possibility of investing in an Indian joint venture (JV) for the maintenance and spares production of its combat aircraft Su 30.

By Manu Pubby, ET Bureau | 9 Dec, 2015, 03.44AM IST

MOSCOW: Russia’s top aircraft manufacturer Sukhoi is exploring the possibility of investing in an Indian joint venture (JV) for the maintenance and spares production of its combat aircraft Su 30 in what could make India a hub for the fighter fleets operating in the region.

Atop Sukhoi executive told ET that the liberalised foreign direct investment (FDI) norms have opened the possibility of a JV and the Russian manufacturer is in talks with Indian private sector companies.

“In the near future, we may establish a joint venture and create a unit in India for service and maintenance that can implement repair and overhauls of the aircraft and engines jointly. We can also cover all the other nations in the region and repair and service their aircraft in India,” Valery V Chishchevoy, marketing director of Sukhoi, told ET.

The executive said while similar plans were discussed in the past, the recent changes in the FDI policy has opened up a real possibility of  ..

Copyright © 2015 Bennett, Coleman & Co. Ltd. All rights reserved.

****-END-****

Su-30MKI: Details

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s