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July 20, 2015

Navy Choppers : Mahindra, Tata, L&T in race for Rs.20,000 cr deal


The companies plan to form a joint ventures in the coming months for 'Make in India' chopper contracts.
With its plans to procure new utility helicopters, the Indian Navy is looking at vendors from the Indian private and public sector for the project, according to reports.
A report says that about 11 Indian companies, including Mahindra, Tata, L&T and Reliance are in race for 20k chopper deal.
The companies plan to form a joint ventures in the coming months for 'Make in India' chopper contracts.
While 11 Indian companies have expressed interest, there are other foreign companies with helicopters that meet Indian requirements which include Airbus, Bell and banned Italian entity AgustaWestland, the report added.
 
 indiainfoline

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