Govt to seal deal by Oct to procure 200 Kamov military choppers
New Delhi: The government is all set to conclude a multi-billion dollar deal by October to procure 200 Kamov Ka-226T attack helicopters through a joint venture between Russian Helicopters and state-run aerospace behemoth Hindustan Aeronautics Ltd. Official sources said almost all the ground work to finalise the mega project has been completed as the government is eyeing to seal it within the next four months.
An inter-governmental agreement between India and Russia was signed for the project during Prime Minister Narendra Modi's visit to Moscow in December 2015.
In October 2016, India and Russia had finalised a broad agreement to set up the joint venture (JV) between HAL and Russian Helicopters which will co-produce the choppers. India is procuring the choppers to replace its ageing Cheetah and Chetak helicopters.
Last month, the defence ministry issued a Request for Proposal (RFP) to the Indo-Russian venture for the project.
Officials said the HAL-RH joint venture will send a detailed response to the RFP by end of August and the final deal is set to be signed in October.