DefExpo 2012: Rossell India and CAE form Indian helicopter JV
Rossell India announced at Defexpo India 2012 that the Indian Foreign Investment Promotion Board has approved its plan to form a joint venture (JV) company with CAE to provide synthetic training solutions for the Indian defence market. Rossell India will hold a 74% of the joint venture company with CAE the remainder.
‘We wish to maximise business opportunities by leveraging CAE’s breadth of simulation technologies in line with India’s offset policy, and this joint venture company with Rossell will enable us to do so,’ Ananth Ramaswami, Managing Director of CAE India, told Shephard.
The objective of the JV will be
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