Eurocopter, a unit of European aerospace giant EADS, Wednesday unveiled an Indian subsidiary that will aim for contracts in the local market worth 138 million dollars over the next five years.
Eurocopter India Pvt Ltd. said military contracts would be dealt directly by the parent company.
"We are looking only at the civilian and paramilitary markets," subsidiary CEO Marie-Agnes Veve told a news conference.
Veve said the subsidiary hoped to grab half of India's helicopter market, which has been growing at an annual rate of 20 percent.