The firm, which is in negotiations with India for several defence projects worth billions of dollars, also made it clear that they would be able to invest in the domestic defence sector only if they get contracts as it takes "two to tango".

The group also admitted that the nearly USD 1.4 billion project of the Indian government to acquire six Airbus mid-air refuellers has 'stagnated' even as it offered to transfer the final assembly line of Panther helicopters if it gets an order from the Navy for the same.

Pitching for "fair business", he said that in the beginning, their Indian partners will need them a lot before they become the real champions that India has in mind.

He said that if an OEM is bringing in investment or if they are bringing a product which is part of their own product line world wide, "you do understand that we want to have some control over it".

He added that 49 percent is not a "good limit" and that it is "at odds" with the policy that has been stated by the government "recently".

He mentioned about his company's focus on Make in India and said if the contracts come in, they can make investment as high as Rs 5,000 crore in India.

Latest News  from Business News Desk