ENA State 2023-11-27 13:22:58 <p><span style="font-size:14px"><strong>Chennai, Nov 27 (KNN)</strong> Italys Vega Composites has signed an agreement with Merlinhawk Aerospace Pvt. Ltd. to set up a manufacturing and design facility in the defence corridor in Tamil Nadu for advanced composites material-based products. </span></p> <p><span style="font-size:14px">An agreement was signed in the presence of the Indian Ambassador to Italy and San Marino, Neena Malhotra. <br /> As per the agreement, both firms will aim at tapping the growing market of India while developing design expertise and transferring manufacturing knowhow to India.</span></p> <p><span style="font-size:14px">The joint venture is the first such agreement signed between an Italian and Indian company, post the signing of the defence cooperation agreement between Italy and India, Malhotra pointed out.</span></p> <p><span style="font-size:14px">The Ambassador also said the joint venture was working on a broad scope of products that would be beneficial to various companies and industries in India and involved the transfer of technology, which would enhance the technical capabilities in the country.</span></p> <p><span style="font-size:14px">Merlinhawk Composites, by leveraging upon Vega Composites expertise, will be able to offer cutting edge solutions in composites technologies for end-users in India and across the region, Ram R. Ramineni, Managing Director of Merlinhawk, said.</span></p> <p><span style="font-size:14px">Vega Composites is a group company of Gruppo Pasquali. The CEO of Pasquali Group, Roberto Lapini, expressed satisfaction upon reaching the agreement.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 35667 https://knnindia.co.in/news/newsdetails/state/merlinhawk-aerospace-inks-mou-with-italian-firm-to-manufacture-composites-in-tn-defence-corridor 2023-11-27 13:22:58 knnindia.co.in