INCAT and HAL in JV for services in aero-structures
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Mumbai: INCAT, a leader in engineering services outsourcing (ESO) and product development, and Hindustan Aeronautics (HAL), Asia?s aero-structures manufacturer has announced a joint venture - INCAT-HAL Aero structures. The objective of this joint venture is to undertake work packages related to engineering design services in aero-structures. "The global aerospace industry is realizing the value of adopting an outsourcing-based business model, not simply to achieve cost reductions, but to facilitate a speedy way to market while maintaining quality," said Warren Harris, CEO, INCAT. "HAL and INCAT are set to capitalize on the global aerospace demand by leveraging their combined core strengths - HAL's offset business, and INCAT's global offshore / on-site engineering business." said Patrick McGoldrick, Managing Director ? Tata Technologies, INCAT's parent company. The joint venture, based in Bangalore will be the Preferred Delivery Center, for both organizations. The JV agreement was signed between HAL and Tata Technologies, INCAT's parent company. Both HAL and Tata Technologies will contribute 50 percent each to the equity of the JV.

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