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Home arrow Railway arrow PL Engineering & GECI India form JV for Engg Services in Aerospace Sector
PL Engineering & GECI India form JV for Engg Services in Aerospace Sector Print E-mail
Written by Arjun   
Friday, 11 February 2011
New Delhi: GECI India, a subsidiary of France's GECI International, and PL Engineering, a Punj Lloyd Group Company have formed a joint venture (JV) in Bangalore to offer engineering services in the Aerospace sector.

The JV will initially focus on providing services to the growing Indian Aerospace sector on supporting activities in Europe, followed by looking at the global market.

"GECI International has over thirty years of experience in providing high level engineering activities, especially to the Aerospace sector and is referenced by major manufacturers like Dassault, Thales or EADS/E2S. We are currently establishing ourselves as an aircraft manufacturer with the production of the turboprop aircraft F406 and the development of the Skylander, a 19-seater turboprop, with serial aircraft available in 2013. We are delighted to have entered into a partnership with the Punj Lloyd Group which will allow us to offer an extended range of engineering services and together capture a significant part of the growing Indian Aerospace sector," said Serge Bitboul, Chairman and CEO, GECI International.

"We are very excited with this joint venture, which will be a significant step towards furthering our existing engineering capabilities in the Oil Gas, Power and Defence sectors. Together with GECI, we look forward to leveraging the potential in the Indian Aerospace Sector. Besides strengthening the existing bilateral relations between Europe and India, this JV will bring together the Indian resources and skills in design and engineering with global aerospace technology, knowhow and experience. This will introduce a new dimension to the supply chain, thus addressing the complex resource demands of the Indian and International Aerospace program," said Sanjay Goel, CEO, PL Engineering.
 
PL Engineering provides a full-spectrum of design and engineering services in the oil & gas, chemical & petrochemical, power and infrastructure sectors. Design and engineering capabilities cover all the stages of the product and project life-cycle starting from concept design to commissioning. Services include feasibility studies, front end design, detail design, analysis and stimulation.

In 2010, PL Engineering raised capital from Fidelity Growth Partners India (FGPI), the private equity arm of Fidelity International focused on growth capital investing across sectors.

GECI International has worldwide teams of over 950 employees, technicians, engineers. GECI International is active on two fronts: GECI Engineering, offering expertise and solutions in the sectors of aeronautics, space, land transportation, energy and infrastructure and GECI Aviation, with its range of aircraft, the F406 recognized by operators as being an aircraft particularly suited to surveillance missions and the Skylander SK-105.

 
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