Eurocopter looking at 50% share of Indian helicopter market
Leading helicopter manufacturer Eurocopter today said it will set up service and maintenance centres in India as part of efforts to capture a 50 per cent share of the growing Indian helicopter market.india Updated: Oct 20, 2010 17:44 IST
Leading helicopter manufacturer Eurocopter today said it will set up service and maintenance centres in India as part of efforts to capture a 50 per cent share of the growing Indian helicopter market.
Initially, the company will set up maintenance, repair and overhaul (MRO) networks in different parts of the country with existing partners like Pawan Hans Helicopters Ltd and Indocopters, a senior company official said on the sidelines of the inaugural ceremony of Eurocopter's Indian subsidiary, Eurocopter India.
"We will begin with companies like Pawan Hans for the MRO facility and within 5 years, the target is to set up our own MRO network," Eurocopter India CEO Marie-Agnes Veve told reporters here.
She declined to comment on the investment plans of the company.
"The Indian helicopter market is growing at the rate of 20 per cent... We want to increase our presence in the Indian civilian and military helicopter market and aim to have a 50 per cent market share in the next few years," she said.
Refusing to name its prospective clients, Eurocopter Executive Vice-President (Commercial Helicopters) Joseph Saporito said, "We have 23 civil and government customers and talks are on with several corporates, hospitals and government authorities to increase our customer base."
He added that Eurocopter also plans to expand its industrial presence in the country, for which cooperation with Hindustan Aeronautics will be increased.
The company, which has an existing facility in Bangalore, also plans to open an engineering centre in the city by next year, Saporito said.
Eurocopter, a part of Airbus manufacturer and aerospace giant EADS, currently has 30 employees in India and will recruit 50 more over the next five years, Veve added.