India finalizing deal with Eurocopter, report says

New Delhi: India is expected to hold final negotiations with European consortium Eurocopter to acquire 197 helicopters for the army in a deal estimated to be worth close to 600 million dollars, a news report said Sunday.
Eurocopter, a subsidiary of the European Aeronautic, Defence and Space (EADS) company, is scheduled to hold talks with officials of India's Defence Ministry soon on the final price for the helicopters, PTI news agency reported.
Eurocopter plans to supply 60 helicopters off the shelf from its plant in France to be inducted into the Army Aviation Corps for surveillance, medium transport and casualty evacuation, defence sources were quoted as saying.
Another 137 helicopters are to be made under licence by India's state-run Hindustan Aeronautics Limited for which Eurocopter will transfer technology and also invest 30 per cent of the total value of the deal under India's new defence procurement policy, the sources said.
20/05/07 Monsters and Critics.com, UK

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Categories: Foreign May 2007, General Aviation May 2007