India has finalized the roadmap with Russia to co-produce 200 Kamov Ka 226T light Utility helicopters under $1 billion deal in the South Asian country.
Russia’s Rostec Corp. will own a 49.5 percent stake in the new entity, and India's HAL will own the remaining 50.5 percent. Thereafter, the Indian Ministry of Defence will issue a single-vendor tender to Indo-Russian Helicopters, which will then submit its technical and commercial proposal within six months.
The move would initiate the $1 billion program. "With the road map now in place, the production of Kamov 226T helicopters has formally taken off," said a top executive of Hindustan Aeronautics Limited (HAL), DefenseNews reported Thursday.
"The helicopters are to be produced through a joint venture company as per the intergovernment agreement between the two countries in October 2016, and the road map for the acquisition is finalized.” Gopal Sutar, the chief of media communications at HAL, said.
The move for joint production in India currently awaits formal approval by Russian President Vladimir Putin. His approval leads to the new production entity Indo-Russian Helicopters.
However, the price of the helicopter remains an concern, few anaysts said. The issue will be sorted out in the technical and commercial proposal, the top HAL executive said.
"I am more than sure that the agreement would also have indicated the price and other financial details, including share holdings in the joint venture," a defense analyst and retired Indian Air Force air marshal, said.
Under the $1 billion deal for 200 Kamov Ka-226Ts, India will buy 60 helicopters in fly-away condition from Russia while another 40 will be assembled in India and the remaining 100 fully built in India.
The manufacturing will take place in Southern part of India at a new complex in Tumkur near HAL's Bangalore helicopter complex.
"Apart from production, the plan also includes setting up repair and maintenance facilities to provide faster support to the armed forces," the HAL executive said.
An estimated 400 Kamov 226-T helicopters are planned to be manufactured by an Indo-Russian Joint venture under the “Make in India” program. The documents for the joint venture formation between Russias Rostec companies on one side and HAL on the other side have been prepared and registration is awaited
Indias Hindustan Aeronautics Limited and Russian defence firms have finalised the Joint Venture agreement to produce light weight multi-role 'Kamov 226T' helicopters in India. The document is awaiting formal registration with relevant bodies in the respective countries which is likely to take another "month or two", a top Russian defence executive was quoted as saying by
India has signed various defense deals with Russia at Brics summit 2016 today, including the one to buy US$5 billion worth S-400 Triumf anti aircraft weapon system. Russia will start supplying advanced anti-aircraft defense system S-400 Triumph from 2020 to India, according to an agreement signed by Prime Minister Narendra Modi and Russian President Vladimir Putin at BRICS Summit,
India and Russia are likely to sign an agreement for production of 200 Kamov 226T helicopters in India to replace the countrys aging Cheetah and Chetak helicopters. The agreement is expected to be signed during the upcoming 2016 BRICS summit in Goa from October 13 to October 16
Russian Federal Aviation Agency (Rosaviation) has certified the Ka-226T helicopter as fit for operation at high temperatures. The certification makes it possible to start exporting the helicopters to countries with the hot climate
Russian Helicopters Ka-226T light multi-purpose helicopter has cleared tests with support from Iran Helicopter Support and Renewal Company (IHSRC). The tests were carried out in the framework of a memorandum signed by Helicopters of Russia JSC (part of Rostekh State Corporation) and IHSRC at the HeliRussia international exhibition in May 2017, and their purpose was to confirm the possibility of operating the helicopter at ambient temperatures up to +50 degrees Celsius, the company said in a statement Wednesday
Russias state hi-tech corporation Rostec is expecting to start initial deliveries of 10 Kamov Ka-226T helicopters to India by this year once it receives the payment. "We are planning to deliver the first batch of 10 helicopters after we receive the first payment
Russia and India have formally approved a joint venture between Russian Helicopters and Hindustan Aeronautics (HAL) for the manufacture of 200 Kamov-226T helicopters. The Russian Presidential office has given a final approval to the $1 billion inter-governmental agreement after reservations from New Delhi over cost sharing,
Russian Helicopters has delivered its first Mi-17V-5 utility helicopter for Kenya. A ceremonial transfer of the helicopter has been performed in the capital of Kenya, Nairobi, in the presence of the Minister of the Interior of Kenya, the company announced last week
Russia is accelerating its plan to built seven Yasen class nuclear submarine by 2023 with second one being floated out today and third scheduled for launch in 2019. The nation's second modernised Yasen-class project 885M submarine, the Kazan, has been floated out at the Sevmash shipbuilder in north-western Russia today
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