Russia’s Rostech State Corp. has tied up with Hindustan Aeronautics Ltd (HAL)
Highlights:
- Purpose: For manufacture of at least 200 Kamov 226T light helicopters to replace the ageing fleet of Cheetah and Chetak, and also provides for maintenance, operation and repair of helicopters.
- Worth:$1 billion under the Make in India initiative.
- First Indo-Russian high-tech project implemented by the Indian government within Make in India initiative.
Modi is set to inaugurate a new helicopter production facility of HAL at Tumkur in Karnataka.
Out of the 181 Cheetah and Chetak helicopters held by the army, 51 were 40 years or older, and 78 were between 30 and 40 years old.
Key point:
- Chief executive officer, Rostech:Sergei Chemezov
- RussiaCapital: Moscow
- Currency: Russian ruble
- President: Vladimir Putin
No comments:
Post a Comment