Paris, June 15 (IANS): Indian conglomerate Mahindra Group on Monday bagged a large aero-components production contract from an Airbus Group company -- Premium Aerotec of Germany.

According to the Indian conglomerate, its subsidiary Mahindra Aerospace will manufacture a variety of metallic components that will be fitted into several Airbus aircraft programs as part of assemblies produced by Premium Aerotec.

The Premium Aerotec is a subsidiary of the Airbus Group. It supplies for the development and manufacture of large structures for civil and military aircraft.

Under the multi-year contract, Mahindra Aerospace's will deliver in excess of a million parts per annum. The parts will be produced at the company's facility at Narsapura, near Bengaluru.

"This is our vision to take 'Make in India' from policy to reality: Build bridges across cultures, countries and businesses - enable each to focus on its core - and empower each other to rise," said Anand Mahindra, chairman and managing director, Mahindra & Mahindra.

The Indian conglomerate said that the deliveries to Premium Aerotec’s facilities in Germany are scheduled to commence this year.

Airbus and Mahindra are already global partners in the aerospace engineering domain with Tech Mahindra being one of the global engineering services providers to the Airbus Group.

“This announcement marks a new milestone in our journey,” said Klaus Richter, chief procurement officer, Airbus Group.

Mahindra Aerospace has led the Mahindra Group’s foray into utility aircraft and aerostructure manufacturing since 2008.

The company manufacturers utility aircraft in Australia. The aerostructures business operates out of its facility located at the Narsapura Industrial Estate, Bengaluru.

The Mahindra Group is $16.9 billion multinational based in Mumbai. It currently employees over 200,000 people in over 100 countries.

It has business interests in many industries like tractors, utility vehicles, information technology, financial services, vacation ownership, agribusiness, aerospace, components, consulting services, defence, energy, industrial equipment, logistics, real estate, retail, steel, commercial vehicles and two-wheeler industries.