‘In­dian mar­ket has huge po­ten­tial and will be one of the most im­por­tant growth mar­kets in the world’

In an in­ter­view with Forces, Ed­i­tor-in-chief, SP’S Land Se­nior Ex­ec­u­tive Vice Pres­i­dent, Asia Pa­cific, Euro­copter, said that the com­pany is ready to ex­tend its in­dus­trial re­la­tion­ship with lo­cal part­ners.


SP’s Land Forces

the com­ing years, which is al­ready at 80 per cent of the to­tal head­count now.

SP’s: How would you rate the po­ten­tial in In­dia ver­sus other Asian coun­tries? Du­crot:

We es­ti­mate the Asian mil­i­tary he­li­copter mar­ket to be val­ued at about $15-20 bil­lion for the pe­riod till 2020, and we ex­pect the largest con­trib­u­tor to be In­dia (es­ti­mated at 50 per cent). In­dia is also the largest de­fence mar­ket in Asia. We are par­tic­i­pat­ing in var­i­ous RFPs and our he­li­copter range cov­ers the re­quire­ments of the In­dian Army, Air Force, Navy and Coast Guard.

Tak­ing into ac­count the civil­ian mar­ket as well, Asia is the largest and fastest-grow­ing re­gion where we an­tic­i­pate a 20 per cent year-on-year growth. In­dia and China are un­doubt­edly the two ma­jor economies that are very im­por­tant and are expected to be sig­nif­i­cant con­trib­u­tors in the years to come.

SP’s: What kind of fu­ture do you fore­see with In­dia in the next 10-20 years? Du­crot:

There are around 270 tur­bine engine com­mer­cial he­li­copters in In­dia to­day. There was an over­all slow­down in the In­dian he­li­copter sec­tor in 2010 and 2011, but we can see a re­cov­ery in 2012 with an an­nual growth rate of about 20 per cent. Hence we can ex­pect to see more than 500 civil he­li­copters in In­dia by 2015.

The In­dian mar­ket has huge po­ten­tial and will be one of the most im­por­tant growth mar­kets in the world be­cause of (1) size of the coun­try; (2) growth of the econ­omy; (3) diver­sity in its ter­rain and the ge­o­graph­i­cal con­straints; (4) lack of road/train in­fra­struc­tures. Cur­rently, growth of the com­mer­cial use of he­li­copters is lim­ited by the reg­u­la­tions and level of taxes im­posed.

The main seg­ments cur­rently do­ing well are oil and gas and pas­sen­ger trans­port (char­ter, pri­vate, busi­ness and gov­ern­men­tal). Seg­ments that we are de­vel­op­ing and are fore­seen to have growth po­ten­tial in­clude: util­ity and aerial work, he­li­copter emer­gency med­i­cal ser­vices (HEMS) and law en­force­ment.

Euro­copter is poised to con­trib­ute to the he­li­copter mar­ket growth in In­dia be­cause it has the widest range of he­li­copters to cater to dif­fer­ent needs and seg­ments. We con­stantly in­no­vate to pro­duce en­hanced ver­sions that can han­dle hot and high con­di­tions even bet­ter, which is a unique chal­lenge in In­dia. For spe­cific seg­ments like HEMS and util­ity/aerial work, Euro­copter has an im­pres­sive record. Eight out of ev­ery 10 HEMS he­li­copters in the world are Euro­copter prod­ucts; while 70 per cent of he­li­copters de­liv­ered in the last 10 years glob­ally for util­ity/aerial work are Euro­copter prod­ucts. With the in-coun­try pres­ence of our In­dian sub­sidiary, we can pro­vide prox­im­ity ser­vices to en­sure high avail­abil­ity of the air­craft and cost-ef­fi­cient sup­port and ser­vices.

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