Rolls Royce Forges Joint Venture With HAL

By admin • April 1st, 2010

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According to India defence online,  Rolls Royce – the UK based global major, and state-owned Hindustan Aeronautics Limited (HAL) have initiated yet another manufacturing joint venture. By initiating the joint-venture, Rolls Royce has reinstated its continual support to the Indian aerospace industry.

Rolls Royce and HAL inked an agreement to set up a manufacturing joint venture company in Bangalore and the new entity will have a 50:50 partnership. The new entity will manufacture compressor shroud rings and the construction of a new production facility that will incorporate the latest in modern manufacturing techniques will begin this year in 2010, while component production will commence in 2012.

Read the rest of the article at India defence online…

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