Latest news with #MaxAerospace
News18
a day ago
- Business
- News18
Nagpur To Get Rs 8,000 Crore Helicopter Plant, Max Aerospace MoU Promises 2,000 Jobs By 2026
Last Updated: Max Aerospace will invest Rs 8,000 crore to set up Maharashtra's first helicopter plant in Nagpur, creating over 2,000 jobs and boosting India's defence and aerospace ambitions In a major boost to India's aerospace and defence manufacturing sector, Max Aerospace & Aviation Pvt Ltd has signed a Memorandum of Understanding (MoU) with the Government of Maharashtra to establish a state-of-the-art helicopter manufacturing plant in Nagpur. The agreement was formalised in the presence of Chief Minister Devendra Fadnavis at Mumbai's Sahyadri Guest House, marking a historic step in Maharashtra's journey toward becoming an aerospace hub. With a proposed investment of Rs 8,000 crore over the next eight years, this project is expected to generate over 2,000 direct and indirect jobs, significantly enhancing employment and industrial opportunities in the Vidarbha region. Construction and development of the plant are scheduled to begin in 2026. The MoU was signed by Industries Department Secretary P Anbalagan and Max Aerospace Chairman Bharat Malkani. Other dignitaries in attendance included MIDC CEO P Velrasu, Max Aerospace CFO Kirit Mehta, business development head Meghna Malkani, president Jayesh Mehta, and senior advisors. Chief Minister Fadnavis lauded the initiative, stating, 'This is not just an investment in Nagpur, but in India's strategic capabilities. Maharashtra is committed to providing all necessary support for timely execution and success of this venture." He emphasised how such projects align with national missions like 'Make in India' and 'Atmanirbhar Bharat', paving the way for self-reliance in defence manufacturing. The upcoming facility will focus on the customisation, integration, and flight testing of rotary-wing platforms. It is designed to function as a Centre of Excellence and will adopt international standard technologies. Its proximity to Nagpur Airport ensures seamless logistics and supply chain integration, making it an ideal location for this high-tech venture. Chairman Bharat Malkani said, 'As a Maharashtrian, it is a matter of pride to bring this transformative project to my home state. Nagpur offers a strategic ecosystem for aerospace development, and we are excited to make it a centre of global excellence." This development marks Maharashtra's first dedicated helicopter production facility, further reinforcing the state's leadership in attracting high-value, future-ready industries. With this landmark agreement, Maharashtra not only secures a key role in India's aerospace ambitions but also promises new economic momentum for the Vidarbha region. First Published: June 14, 2025, 12:06 IST
Indian Express
2 days ago
- Business
- Indian Express
State, Mumbai-based firm sign MoU to set up helicopter manufacturing facility in Nagpur
Mumbai-based Max Aerospace and Aviation Pvt Ltd on Friday signed a Memorandum of Understanding (MoU) with the state government to set up a helicopter manufacturing facility in Nagpur with an investment of Rs 8,000 crore over the next eight years. The MoU was signed in the presence of Chief Minister Devendra Fadnavis at the Sahyadri Guest House in Mumbai. The plant is expected to generate approximately 2,000 direct and indirect employment opportunities and is set to begin operations by 2026. Speaking at the event, Fadnavis said the project aligns with the Centre's 'Make in India' and 'Atmanirbhar Bharat' initiatives and will position Nagpur as a key hub for aerospace manufacturing in the country. 'Max Aerospace choosing Nagpur for this project is a significant step. The state government is committed to providing all necessary support to ensure timely execution of the project,' he said. According to officials, the upcoming facility will focus on the customisation, integration, and flight testing of rotary-wing platforms. Fadnavis emphasised that the state has created favourable conditions for defence manufacturing in Nagpur and assured that all necessary cooperation will be provided to Max Aerospace. The MoU was signed between P. Anbalagan, Principal Secretary of the Department of Industries, and Bharat Malkani, chairperson of Max Aerospace. CEO of Maharashtra Industrial Development Corporation (MIDC) P Velarasu and other senior state officials were also present. 'This is Maharashtra's first dedicated facility for full-scale helicopter production. It will not only support India's defence manufacturing goals but also enhance the aerospace supply chain capabilities in the region,' said Malkani.
