Apr 7 2017 | India Opportunities

HAL to manufacture Kamov helicopters in JV with Russian companies

India and Russia had finalised a broad agreement in October 2016 for the JV between Hindustan Aeronautics Ltd (HAL) and two Russian defence majors Russian Helicopters and Rosoboronexport. Russian Government has recently approved the proposal to set up an Indo-Russian joint venture for production of Kamov military helicopters for India as part of $1 billion deal inked in 2015.

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