Sunday, June 23, 2024

MOU Signed Between Airbus Helicopters & SIDBI For Helicopter Financing In India

By Staff Correspondent

An MoU has been inked between Airbus Helicopters and the Small Industries Development Bank of India (SIDBI), the primary financial institution in India charged with assisting the country’s Micro, Small, and Medium Enterprise (MSME) sector with promotion, financing, and development. The purpose of the MoU is to facilitate the financing of Airbus’ helicopter purchases in India.

Rahul Priyadarshi, Chief General Manager of SIDBI, and Sunny Guglani, Head of Airbus Helicopters in India and South Asia, signed the Memorandum of Understanding (MoU). According to the Memorandum of Understanding (MoU), Airbus Helicopters and SIDBI will collaborate to find Indian civil helicopter operators who want to buy Airbus helicopters and provide them with financing options. Airbus will provide its expertise in technical and helicopter industry to SIDBI, who will assess these opportunities and provide unique financing for Airbus.

The Memorandum of Understanding (MoU) with SIDBI marks a significant milestone in enhancing the availability of civil helicopters to operators in India. This will further establish rotary-wing aircraft as an essential instrument for the development of the nation. Sunny Guglani, Head of Airbus Helicopters, India and South Asia, stated that the combination of our exceptional range of products and extensive industry knowledge, along with SIDBI’s appealing financing options, would have a crucial impact on the growth of the civil helicopter sector in India.

Rahul Priyadarshi, Chief General Manager of SIDBI, commented on the occasion, “This is a new area in which SIDBI will provide financing to helicopter operators; it is anticipated that this will pave the way for financing of MSMEs in this sector.”

By engaging in this partnership, SIDBI makes a substantial entry into the realm of helicopter financing and addresses the financial and developmental requirements of India’s rapidly expanding rotary wing industry.

The Small Industries Development Bank of India was established under an Act of the Parliament in 1990. SIDBI has been entrusted with the responsibility of being the Principal Financial Institution for carrying out the triple agenda of promoting, financing, and developing the MSME sector, as well as coordinating the functions of other institutions involved in similar activities. SIDBI strives to become a one-stop solution for fulfilling the financial and developmental requirements of the MSME sector. Our goal is to strengthen and invigorate this sector, making it globally competitive. We aim to establish the SIDBI Brand as the preferred and customer-friendly institution, while also maximizing shareholder wealth and upholding the highest corporate values through the use of modern technology.

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