INCAT-HAL Aerostructures launched

03 March 2008

Tata Group's engineering services outsourcing (ESO) and product development IT services company INCAT, and public sector aerospace supplier Hindustan Aeronautics Limited (HAL), have agreed to launch an engineering and aero structure design joint venture, INCAT-HAL Aerostructures Limited.

The agreement was signed between HAL and Tata Technologies, INCAT's parent company, and will be based in Bangalore.

Both HAL and Tata Technologies will contribute 50 per cent to the equity in the new venture.

"The global aerospace industry is realising the value of adopting an outsourcing-based business model, not simply to achieve cost reductions, but to speed time to market while maintaining quality," said INCAT CEO Warren Harris. "This joint venture, leveraging the strengths of both companies, creates an organization capable of delivering outstanding value to clients within the global aerospace market."

Founded in 1989, INCAT is a global provider in engineering services outsourcing (ESO) and product development provider to the world's largest automotive, aerospace and durable goods manufacturers. It provides services and solutions for product lifecycle management (PLM) and information lifecycle management (ILM) that create value for its clients through its global delivery model

"The objective of this joint venture is to undertake work packages related to engineering design services in aerostructures and also the captive offshore and on-site work load of both partners from aerospace OEMs, including offset programs," said M. Fakruddin, HAL, director, corporate planning and marketing.