Gautam Adani said on Tuesday he met Bombardier chief executive Eric Martel to discuss partnerships in aircraft services and the defence sector, triggering speculation of an alliance in the MRO (maintenance, repair and overhaul) segment.
“Powering India’s aviation growth! Had a great discussion with @Bombardier CEO Eric Martel on transformative partnerships in aircraft services, MRO and defence. Together, we are harnessing synergies for a stronger, self-reliant India,” Adani said in a post on X (earlier Twitter) without giving any details.
Sources said the meeting discussed the possibility of reduction of India’s reliance on foreign MRO services.
A potential partnership in this direction between the two could bring down operational costs for airlines and also position the country as a regional hub for aircraft maintenance and services.
The Adani group operates seven airports in the country; its arm Adani Defence & Aerospace is present in unmanned systems and counter drone systems, apart from small arms and accessories according to its website.
The company said its goal is to facilitate India’s evolution into a hub for world-class and high tech defence manufacturing.
In February this year, the company had signed a co-operation agreement with UAE’s EDGE to establish a “global platform’’ that would leverage their defence and aerospace capabilities to cater to the requirements of global and local customers.
In a separate announcement, Adani Enterprises Ltd (AEL), the group’s flagship firm and an incubator, said it has incorporated a wholly owned subsidiary company — Adani GCC Private Limited.
AEL said in a regulatory filing the new subsidiary will provide business transformation services and back office services, including in finance and accounts, human resources, information technology services (ITS), information technology enabled services (ITeS) and digital transformation services (DTS). The subsidiary has been set up with an authorised share capital of ₹5 lakh.
Shares of AEL ended with modest gains of 0.40 per cent at ₹3,104.75 on the BSE on a day the benchmark Sensex gained nearly 256 points to close above the 85000 mark at 85169.87.
