Bell Looks for Indian Partners
By VIVEK RAGHUVANSHI, NEW DELHI
Bell Helicopter Textron is looking for Indian partners to help tap that country’s helicopter market.
“The market growth potential and the capabilities in India combine to make India an attractive business opportunity,” said a senior Bell Helicopter executive. “In the near term, India will be producing flight-critical components for worldwide distribution. As the market demand grows, and our partnership continues to develop, we see India becoming more and more important in our strategic globalization efforts.”
The executive did not give figures for the estimated market potential, but said the company forecasts the civil helicopter fleet will grow at about 15 percent annually.
Several world helicopter majors are vying for the Indian civil and military market, which is regarded as grossly undertapped, and Bell Helicopter sells about half of the civil helicopters in India.
Bell Helicopter plans to set up a pilot training center and invest about $100 million to create a maintenance, repair and overhaul unit in India, the executive said.
He said that Bell Helicopter and state-owned Hindustan Aeronautics Ltd. (HAL), Bangalore, agreed last October to explore working together on several projects.
“These projects are geared to increase the cooperation between the two companies and could grow into substantial business opportunities in the future.”
Bell’s 407 helicopter is competing to supply the Indian Army with 197 helicopters — 60 U.S.-built, the rest built under license by HAL. The Indian Defense Ministry has field-tested the competitors and expects to announce a decision early this year, an Indian Defence Ministry official said.
Bell also is vying — informally, so far — to supply high-altitude light helicopter gunships to India.
Ministry sources said Bell made an informal offer to jointly manufacture the latest Armed Reconnaissance Helicopter, which is now under development for the U.S. Army.
The official said Eurocopter has made a similar offer. The European firm established commercial links with India in the 1960s; HAL has license-produced Eurocopter’s Cheetah helicopters for the Indian Army.