Chopper deal investigations not to impact AgustaWestland JV: Tatas
The ongoing investigations in the alleged bribery case against AgustaWestland's helicopter deal with India will not have any impact on the tie-up between Tatas and the Italian chopper maker, said a spokesperson of the joint venture firm.
Finmeccanica-owned helicopter maker AgustaWestland signed an MoU in 2009 with India's largest corporate house Tatas for joint venture company -- Indian Rotorcraft Ltd -- in GMR Hyderabad Aviation SEZ Ltd here for AW119 helicopter assembly, completion and delivery to customers worldwide.
According to an official of IRL, the JV will start producing the 8-seat AW119Ke light helicopter. The production will commence from 2014.
"IRL has no connections with the Indian Air Force purchase of AW101 helicopters. IRL does not envisage any impact on the proposed Joint Venture," an IRL official spokesperson said, when asked if the ongoing investigations will have any impact on the JV.
The official said the assembly activity of the choppers is slated to start in April 2014, and as per the agreement in future IRL may sell the civilian choppers to Indian markets.
"IRL will export the assembled helicopters to AgustaWestland for it to sell to its customers. IRL business remit does not include any selling activity for defence related entities.
"At a future date, IRL could sell these helicopters also to the Indian domestic civil market for civilian usage. This is in line with the proposed Joint Venture's stated intent to operate only in the civilian market," the IRL official said.
The ground breaking ceremony of IRL for chopper assembling facility was held on March 14 last year in the presence of Ratan Tata, former chairman, Tata Sons and Bruno Spagnolini, the arrested CEO of AgustaWestland.
AgustaWestland landed in controversies both in India and Italy following the allegations kickbacks to the tune of 362 crore paid to some of the Indian officials.