Saab will set-up aero-structure parts and assembly venture in Belgaum/Karnataka/India. QuEST will hold 74% in the JV with Saab 26%. These parts/assemblies are targeted at Boeing and Airbus acs.
QuEST already provides engineering services to Rolls Royce, GE and Airbus amongst others.
The Partners will initially invest USD 10 m in the JV. The JV is likely to be operational by mid-2013.