It has been reported that the automotive and infrastructure Company Mahindra and Mahindra, would now produce aircraft parts.

The Company has decided to invest a whopping amount of Rs. 250 crore in the project. The Company Spokesperson said that there were very rare chances of any problem to come in their way.

The Company’s financial position is strong enough to face any kind of crisis. They will spend Rs. 150 crore in the manufacturing sector and another Rs. 100 crore in assembling the parts.

Last year, the Company got hold of 75% of the total shares of the Gippsland Aeronautics, the biggest aircraft manufacturer in Australia.

Thus, Mahindra and Mahindra’s deal with the Gippsland Aeronautics will surely make everyone believe that even India is among the race of countries, which is manufacturing top quality and strongly built aircrafts.

Hemant Luthra, President of Mahindra Systech said, “We already have received approaches from different OEMs and tier-one manufacturers not just to form joint ventures but to use us for contract manufacturing”.

The setup will be ready for use after about one and a half year and will be used by the Company to build aircrafts for both the army and the aviation sector.