🇮🇳's Mahindra Defense & 🇫🇷's Airbus have entered into a pact📋 to manufacture military helicopters🚁 in 🇮🇳 as a joint venture. The pact was one among the 16 deals signed✍ between 🇮🇳 and 🇫🇷 on the first day of 🇫🇷 President Francois Hollande's 3⃣ day visit to 🇮🇳. "We are creating a world-class advanced helicopter 🚁 production facility in India," Mahindra and Airbus said🔈 in statement. Both the companies have already started working🔧 on steps to produce the helicopter parts locally👏. PM Modi had assured a delegation of CEO's from 🇫🇷 that retrospective tax💵 laws in 🇮🇳 are a thing of the past before the deal was announced📢.