Montreal to Get New Aerospace Engineering Activities
LTA Corp and Tech Mahindra moving to Canadian metropolis, drawn by business climate and supply of engineers.
The two aerospace firms announced plans to establish separate Canadian operations in the Montreal region, creating about 500 jobs between them, according to Canadian Manufacturing. LTA plans to build a plant over three years to produce a new category of airships for heavy loads. The article reports that India-based Tech Mahindra will create more than 300 jobs over the next three years as it sets up its Canadian headquarters in the Montreal region.
The Montreal Gazette (7/15, Shalom) reported that Lakshmanan Chidambaram, head of Tech Mahindra’s North American operations, said the business climate in Montreal for aircraft manufacturers was attractive. That, coupled with a good supply base for hiring for the technology services firm led to the decision. He pointed to both McGill and Concordia Universities as a “good supply base” for engineers. The article notes that Tech Mahindra using a current 100 people, mostly in Quebec, has been doing engineering work since 2005 for clients Bombardier Inc., Pratt & Whitney Canada and others.
The article also notes that LTA is planning to invest $90 million and hire 180 people over three years for its project to build a heavy-lift dirigible with the name Lenticular Airship.
Livemint (7/15, Menezes) reported that the move from Tech Mahindra was “created partly with the aid of Montreal International, a government body generating foreign direct investment (FDI) in the Greater Montreal area.”
MarketWatch (7/15) noted that the announcement was made at the 2014 Farnborough Air Show, attended by Jacques Daoust, Québec's Minister of the Economy, Innovation and Exports, Lakshmanan Chidambaram, Head - North America, at Tech Mahindra, Daniel Desnoyers, Associate Vice-President, Aerospace and Defence for Canada at Tech Mahindra, and Dominique Anglade, President and CEO of Montréal International.
Published Date : 8/4/2014