Tata-Agusta chopper plant gets FIPB nod

The Foreign Investment Promotion Board (FIPB) has cleared the proposal to set up a chopper assembling unit by Indian Rotorcraft (IRL), a joint venture between AgustaWestland and Tata Sons. The proposal to assemble AgustaWestland's AW 119Kx choppers has been hanging fire for over two years, with FIPB assigning no reasons.

Indian Rotorcraft has sought the nod to go for AW 119Kx as the helicopter model in place of AW 119Ke and change the foreign investor in the wake of an internal re-organisation through merger within the AgustaWestland group effective January 1, 2014. The proposal was approved by FIPB on September 11. 

An IRL spokesperson had earlier remained non-committal on investments and the expected timeframe for the product rollout from the Hyderabad facility. "IRL, the JV with AW (AgustaWestland), is for assembling AW 119Kx helicopters. IRL will export assembled helicopters to AW to sell to its customers. The JV is yet to begin operations," the spokesperson had said in an e-mail reply.

"IRL has no connection with the Indian Air Force purchase of AW101 helicopters."  IRL sought the FIPB clearance for changing the model of the helicopter to undertake the final assembly of AgustaWestland's helicopters to be exported to global consumers or offered in India. 

IRL also requested FIPB to change the foreign investor from AgustaWestland, the Netherlands, to AgustaWestland, Italy, as the Netherlands company merged into its Italian parent firm with effect from January 1, 2014.