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Journalism of Courage
Keen on claiming a slice of India’s growing aerospace business pie,Indian vehicle major Mahindra and Mahindra today said that it plans to pump Rs 250 crore into the aerospace business.
“We are investing Rs 150 crore in the component business and Rs 100 crore in aircraft manufacturing,” Anand Mahindra,Mahindra Group Vice Chairman and Managing Director,told reporters on the sidelines of a function here.
“There are huge opportunities in aerospace,and this is a growing area. The opportunities in this space are unlimited,” he said,adding,”It is going to be the next front for Mahindra.”
Stating that the company would concentrate on building the business in the next two to three years,he said it was looking at offsetting opportunities in both the defence and civil sectors.
