Airbus Helicopters’ Racer high-speed demonstrator design seen on display screen at Marignane, France.|Picture Credit: TIM HEPHER Airbus Helicopters and Small Industries Development Bank of India (SIDBI) signed a Memorandum of Understanding (MoU) for funding the purchase of Airbus’ helicopters in India. Under the MoU, both Airbus Helicopters and SIDBI would recognize prospective civil helicopter operators in India thinking about funding services for buying the helicopters. While Airbus would supply the technical and helicopter-industry understanding, SIDBI would be accountable for assessing the potential customers and funding them solely for Airbus. Rahul Priyadarshi, Chief General Manager, SIDBI, stated, “This a brand-new location for funding to helicopter operators by SIDBI and is anticipated to open brand-new opportunities for funding MSMEs connected to this section.” Bright Guglani, Head of Airbus Helicopters, India and South Asia in a declaration stated, “The MoU with SIDBI opens a brand-new chapter in making civil helicopters more available to operators in India, which will even more place these rotary wing airplane as an important tool for country structure. “Combining our unrivaled item portfolio and market know-how with SIDBI’s appealing funding services will play a critical function in the growth of the civil helicopter market in India,” he included. This partnership marks the venture of SIDBI into helicopter funding and fulfilling the monetary and advancement requirements of India’s rotary wing sector.
Jet Helicopters, SIDBI indication MoU for helicopter funding in India – The Hindu
