INCAT, HAL Sign Joint Venture

INCAT, a provider of engineering services outsourcing (ESO) and product development IT services and Hindustan Aeronautics Limited (HAL), an aero structures manufacturer have announced a joint venture creating INCAT-HAL Aerostructures Limited.

"The global aerospace industry is realising the value of adopting an outsourcing-based business model, not simply to achieve cost reductions, but to speed time to market while maintaining quality," said INCAT CEO Warren Harris. "This joint venture, leveraging the strengths of both companies, creates an organisation capable of delivering outstanding value to clients within the global aerospace market."

"The objective of this joint venture is to undertake work packages related to engineering design services in aerostructures and also the captive offshore and on-site work load of both partners from aerospace OEMs, including offset programmes," said M. Fakruddin, HAL Director – Corporate Planning and Marketing.

"HAL and INCAT are set to capitalise on the global aerospace demand by leveraging their combined core strengths – HAL’s offset business, and INCAT’s global offshore/on-site engineering business." added Patrick McGoldrick, Managing Director – Tata Technologies, INCAT’s parent company.

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The joint venture, based in Bangalore will be the Preferred Delivery Centre, for both organisations. The JV agreement was signed between HAL and Tata Technologies, INCAT’s parent company. Both HAL and Tata Technologies will contribute 50% to the equity of the JV.