Mumbai, Nov. 19 -- The agreement establishes a framework for long-term collaboration, aimed at enhancing Azad's manufacturing capabilities in alignment with national aerospace and defense priorities. While the financial size and certain key terms of the agreement remain undisclosed due to confidentiality, the company clarified that no shareholding or related-party involvement exists between the two entities.

As part of the collaboration, Azad will support Pratt & Whitney Canada in the production of critical engine components, reinforcing India's growing role as a trusted aerospace manufacturing hub. The arrangement does not involve issuance of shares, board nominations, or any potential conflict-of-interest scenarios, the company said. ...