Eurocopter, the fully owned subsidiary of European aerospace major EADS, plans to invest more than $1 billion in India over a period of two years. Globally, Eurocopter is the largest manufacturer of civil and military helicopter. The company intends to open a subsidiary, maintenance, repair and overhaul (MRO) centre as well as a training school for helicopters. It is believed that the company is partnering Hindustan Aeronautical Ltd. to bid for the helicopters for the Army, Navy & Air Force. Eurocopter would also bid for contracts for VIP helicopters.
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