An Indo-Russia joint venture is likely to sign a
contract with the Indian government early next year for the supply of
200 Kamov light weight multi-role military helicopters to the armed
forces under a $1 billion deal.
An Indo-Russia joint venture is likely to sign a contract with the
Indian government early next year for the supply of 200 Kamov light
weight multi-role military helicopters to the armed forces under a $1
billion deal. Various aspects of the project to supply the Kamov-226T
helicopters were discussed today during a meeting between Defence
Minister Nirmala Sitharaman and CEO of Russian Helicopters Andrei
Boginsky. “We discussed all aspects of the Ka-226T project. (It was)
agreed that the contract should be signed in the beginning of 2018,”
Boginsky said.
In October last year, India and Russia had finalised a
broad agreement to set up a joint venture between Hindustan Aeronautics
Ltd (HAL) and two Russian defence majors — Russian Helicopters and
Rosoboronexport. The joint venture will produce the Kamov helicopters.
India is procuring Kamov choppers to replace its ageing Cheetah and
Chetak helicopters. The JV was registered in India earlier this year. As
part of the inter-governmental agreement, ‘Russian Helicopters’ along
with Rosoboronexport will supply and localise production of the Ka-226T
helicopters in India.
The inter-government agreement for the deal was signed during Prime Minister Narendra Modi’s visit to Russia in December, 2015.
financialexpress
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