Success Stories of Tatar-Indian Business Cooperation
The Tatar industrial giants Kazan Helicopter Plant and truck manufacturer Kamaz have gained an excellent name in the Indian market and have helped open the door to other companies expanding to India from Tatarstan and vice-versa.
India is the largest buyer of helicopters from Kazan Helicopter Plant. The cooperation dates back more than half a century to 1962 when first helicopters (model Mi-4) were delivered to India. A contract to supply India with 80 Mi-17 was signed on December 5, 2008 and performed by Kazan helicopter plant. In August 2011 the holding company Helicopters of Russia provided India with the first batch of helicopters Mi-17. In total, India will get 80 Mi-17 helicopters by 2015. The deal is valued at $1,345 billion. On February 17, 2012, the Indian Air Force had inducted the multi-purpose Mi-17 built by the Kazan Helicopter Plant into its helicopter fleet.
The joint venture Kamaz Vectra Motors putting together Kamaz Inc. of Naberezhnye Chelny and the Vectra Group for manufacturing trucks at Hosur in Karnataka, India, is another promising business link between India and Tatarstan. These machines proved to easily find their customers in India, which is currently home to several major infrastructure projects associated with the construction of roads and irrigation canals, coal mining, etc. During the recent visit of Indian delegation in October 2013, a Memorandum of Understanding was signed by the CEO of Krishnapatnam Coal Port in India Anil Yendluri and Kamaz Director General Sergey Kogogin. Under the agreement, one hundred KAMAZ-6540 dump trucks manufactured by KAMAZ Vectra Motors are to be delivered to the port in late 2013 and early 2014. The trucks will be used to transport coal. In accordance with the development strategy of KAMAZ by 2020 it is planned to increase production volumes of JV KAMAZ Vectra Motors from 50 to 450 vehicles per month.
In September 2004, Tatarstan-Indian Joint Venture TC Company Limited was registered with the participation of Consumer Union of the Republic of Tatarstan and Saraf Trading Cooperation Private Limited of India to pack and market Indian tea in various cities of the Republic.
Furthermore, Tatar-Indian economic and trade cooperation is forecasted to become even stronger. Russian Composite Holding Company, which has its’ plant in Tatarstan’s Special Economic Zone Alabuga, is determined to enter the Indian market for carbon fibre composites, super-strong and light material used in various industries from aerospace to construction and automobile.