INCAT, an engineering services outsourcing (ESO) and product development IT services company, and Hindustan Aeronautics Limited (HAL) today announced a joint venture creating INCAT-HAL Aerostructures limited. The new organisation is immediately positioned to establish itself as a global leader in the engineering and design of aero structures, said M Fakruddin, HAL Director - Corporate Planning and Marketing.

"The objective of this joint venture is to undertake work packages related to engineering design services in aerostructures and also the captive offshore and on-site work load of both partners from aerospace OEMs, including offset programes," he said.

"HAL and INCAT are set to capitalise on the global aerospace demand by leveraging their combined core strengths - HAL's offset business and INCAT's global offshore/on-site engineering business," said Patrick McGoldrick, Managing Director - Tata Technologies, INCAT's parent company.

The joint venture, based at Bangalore, will be the preferred delivery centre, for both organisations. The JV agreement was signed between HAL and Tata Technologies, INCAT'S parent company. Both HAL and Tata Technologies will contribute 50 per cent to the equity of the JV. INCAT, a Tata Technologies company, was founded in 1989.