Merlinhawk Aerospace Pvt. Ltd. signed a joint venture agreement with Italy’s Vega Composites S.r.l. to establish a manufacturing and design facility in the defence corridor in Tamil Nadu for advanced composites material-based products. The new entity will be called Merlinhawk Composites and Engineering Private Limited.
An agreement was signed in the presence of the Indian Ambassador to Italy and San Marino, Dr. Neena Malhotra. The strategic joint venture is aimed at tapping the growing market of India while developing design expertise and transferring manufacturing knowhow to India, according to a release.
It will be targeting the growing demand for composites-based products in the aerospace, marine, land and railway sectors. Additionally, the company will be targeting the upcoming hydrogen storage and fuel cell markets. The joint venture is the first such agreement signed between an Italian and Indian company, post the signing of the defence cooperation agreement between Italy and India, Dr. Neena Malhotra pointed out.
