Mahindra Group bags multi-million dollar aerospace deal with Airbus: The Mahindra Group on Monday (15 June) clinched a multi-million dollar aerospace contract with European consortium Airbus at the Paris Air Show, marking a major milestone in the Make in India initiative. Mahindra Group subsidiary Mahindra Aerospace bagged the multi-year aero-components manufacture and supply contract.

This is significant as a vote of confidence in Make in India, the ‘first tika’ in this broad vision, as well as a vote of confidence in Mahindra,” Anand Mahindra, chairman and managing director of Mahindra and Mahindra Ltd, told on the sidelines of the Air Show which opened here on Monday. The parts will be produced at the new Mahindra Aerostructures facility located at Narsapura, near Bengaluru, with deliveries to Premium Aerotec’s facilities in Germany scheduled to commence this year.

The $16.9-billion Mumbai-headquartered Mahindra Group, with over 200,000 employees across 100 countries had set up its utility aircraft and aerostructure manufacturing operation with Mahindra Aerospace in 2008.

We are the only Indian company that builds planes, which are built in Australia, and we are the only business house that covers all three wings of defence — Army, Navy and Air Force,” said S P Shukla, Group President and CEO of Mahindra Aerospace and Defence Sector.

Having said that, both the companies might require to work with aviation law firms (navigate to these guys for more information) that can handle all the legalities involved in the deal and ensure that the collaboration between the two companies gains more height.