‘Almost 440 helicopters between three services have to be acquired some will be acquired from abroad and most of them have to be domestically manufactured... we have also announced Indian entities can apply and even public sector (firms can apply) so as to have capacity building in India,’ an agency report said quoting Jaitley.
The government decision is expected to generate business worth over Rs 40,000 crore for the local industry in the defence sector.
Besides, India also intends to purchase 56 transport aircraft for which only private sector Indian companies are eligible.
‘This time we cancelled the earlier decision and said they will be manufactured in India and Indian companies should apply and only Indian companies should apply which means Indian companies with joint ventures can apply,’ he said.