Aero India witnesses 266 partnerships

NT Correspondent

Bengaluru: As many as 266 partnerships including 201 MoUs, 53 major announcements and nine product launches were firmed up at the Aero-India that could unlock business potentials worth around Rs 80,000 crore.

The MoUs included one between HAL and Safran Helicopter Engines of France for work share for formation of joint venture for design, development, manufacture and life time support of helicopter engines.

The agreements and the MoUs were formally signed at an event titled "Bandhan" ceremony that was attended by Defence Minister Rajnath Singh, among others.

The Bandhan ceremony witnessed the forging of 266 partnerships including 201 MoUs, 53 major announcements, nine product launches and three Transfers of Technology (ToT), defence ministry stated.