Jul 5, 2017: Israel Aerospace Industries, Israel’s largest aerospace and defence company has signed a contract with Wipro Enterprises (P) Limited to work together in manufacturing of composite aero structures in India including establishing a facility for this purpose. The contract has been signed during Indian Prime Minister Narendra Modi’s visit in Israel. The contract stipulates that IAI will transfer technology and support Wipro in building a plant for manufacturing and assembly of aero structures for the civilian aerospace sector. The contract forms the foundation for broader future partnership between the two companies in India and is expected to support IAI's leadership in this arena while supporting the execution of future projects.
The contract cements the close relationship between Israel Aerospace Industries and the Indian industry, which started 25 years ago and is naturally expanding now into aerospace field. So far, the partnership found its expression in constant support by IAI to local companies in India. The establishment of a composite aero structure manufacturing plant will allow India to act on its choice to expand its activity in the aerospace market and supply a variety of aerospace structures.
Shlomi Karako, EVP and general manager of the Commercial Aircraft Group in IAI, said, "India is a major strategic customer of IAI and the relationship with India is extremely important for us. We look forward to assisting Wipro in building its composite facility that we will provide in the near future as part of Indian government’s' Make in India' initiative and plan to expand the collaboration even further in the future."
Pratik Kumar, chief executive officer, Wipro Infrastructure Engineering & Executive Director, Wipro Enterprises (P) Limited commented, "We are excited to partner with IAI, which has a strong tradition of technical expertise and enduring client relationships with leading OEMs and Tier-1s in the aerospace and defense domains. This partnership will not only strengthen our presence in the growing aerospace sector and standing as a partner of choice for global OEMs and Tier-1s, but will also help us explore emerging business opportunities in key markets.”