Moscow: An Indo-Russian joint venture to produce the Kamov military helicopters under a USD 1 billion deal has been registered in India and efforts are on to co- produce them, a senior official of the Russian defence major Rostec has said.
The joint venture was registered in May, said Victor Nikolayevich Kladov, the head of the Department of International Cooperation and Regional Policy, Rostec State Corp, Russia's umbrella organisation for 700 hi-tech civilian and military firms which was established in 2007.
In October last year, India and Russia finalised a broad agreement for the JV between Hindustan Aeronautics Ltd (HAL) and two Russian defence majors.
India is procuring Kamov choppers to replace its ageing Cheetah and Chetak helicopters.
Sixty Kamov-226T helicopters will be supplied to India in fly-away condition, while 140 will be manufactured in India under a USD 1 billion deal inked in 2015.
18/07/17 PTI/Economic Times
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The joint venture was registered in May, said Victor Nikolayevich Kladov, the head of the Department of International Cooperation and Regional Policy, Rostec State Corp, Russia's umbrella organisation for 700 hi-tech civilian and military firms which was established in 2007.
In October last year, India and Russia finalised a broad agreement for the JV between Hindustan Aeronautics Ltd (HAL) and two Russian defence majors.
India is procuring Kamov choppers to replace its ageing Cheetah and Chetak helicopters.
Sixty Kamov-226T helicopters will be supplied to India in fly-away condition, while 140 will be manufactured in India under a USD 1 billion deal inked in 2015.
18/07/17 PTI/Economic Times
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