Saturday, August 25, 2018

Government approves buying 111 helicopters for Navy at Rs 21,000 crore

The Defence Ministry today approved procurement of 111 utility helicopters for the Indian Navy at a cost of over Rs 21,000 crore.
The Defence Acquisition Council (DAC), chaired by Defence Minister Nirmala Sitharaman, met on Saturday and accorded approval for procurement for the services amounting to approximately Rs 46,000 crore.
This is the first project under the MoD's prestigious Strategic Partnership (SP) Model that aims at providing significant fillip to the government's Make in India programme. SP Model envisages indigenous manufacturing of major defence platforms by an Indian strategic partner, who will collaborate with foreign OEM, acquire niche technologies and set up production facilities in the country.
The model has a long-term vision of promoting India as a manufacturing hub for defence equipment thus enhancing self-sufficiency and establishing an industrial and R&D ecosystem, capable of meeting the future requirements of the armed forces. The contract when finalised, would result in a vibrant and wide-spread defence industrial eco-system in the Indian aviation sector with the private industry and MSMEs as major stakeholders.
25/08/18 Manjeet Singh Negi/India Today