Tuesday, July 7, 2020
Home India Russia-Reliance group pact, 197 defense choppers for army and IAF

Russia-Reliance group pact, 197 defense choppers for army and IAF

By NewsGram Staff Writer

Reliance_Infra-640x434New Delhi: There is a possibility of a Rs. 6,000 crore ($925 million) project between the defence arm of the Anil Ambani led Reliance Group and the Russian government, to make 197 helicopters for the Indian Army and the Indian Air Force, sources said on Friday.

Proclaimed as one of the largest deals under the “Make in India” programme, it calls for making 197 Kamov 226T choppers to retire the Chetak-Cheetah fleet that has been the key inventory in frontline operations for over 30 years, notably in difficult terrain like Siachen, the sources added.

“We are committed to actively participating in Prime Minister Modi’s ‘Make in India’ and ‘Skill India’ program,” the spokesperson for Reliance Defence said when asked for the company’s comment on the deal, which involves manufacture of these light utility helicopters in the country.

“The manufacture of both military and civil helicopters to meet the needs of the country are a significant part of this commitment,” the spokesperson added.

It is reliably learnt that the project is to be executed under a new joint venture, for which the chosen Indian partner is a newly set-up chopper arm of Reliance Defence — which, in turn, is a subsidiary of Reliance Infrastructure. The process is on to acquire an industrial licence.

putin modi bricsRussian President Vladimir Putin had pushed for the Ka-226T during the summit with Prime Minister Narendra Modi here last December. Upon agreeing to be make these choppers in India, Russia was offered an initial deal for 200 of these helicopters with the potential for another 400.

In May, the Defence Acquisition Council chaired by Defence Minister Manohar Parrikar cleared the proposal. Now, after extensive talks, the Russian government has communicated to New Delhi that it will be implementing the project in a joint venture with an Indian company — and that the partner so chosen is Reliance Helicopters. It also involves transfer of technology, sources said.

Earlier this month, Pipavav Defence, a part of the Reliance Group, was selected by Zvyozdochka Shipyard of Russia for the refit of 24 EKM 877 submarines in India, a deal potentially worth Rs.30,000 crore.

The company, the controlling stake of which was acquired by the Reliance Group earlier this year, was also selected by United Shipbuilding Company of Russia for the manufacture of four Talwar-class frigates, according to sources.

The company is also said to be a strong contender to build six advanced submarines for the navy, along with five other firms, for which the Indian government is expected to float a request for proposal soon. This deal is potentially worth Rs.60,000 crore.

STAY CONNECTED

18,992FansLike
362FollowersFollow
1,781FollowersFollow

Most Popular

Here’s What to Expect When You Catch a Flight from the Airport

Hustling sounds, frequent announcements, savvy travelers glued to their gadgets, emotional families waiting to receive or see-off their loved ones-- it's perhaps the opening...

A Must have Adventure Bucket List

The worldwide lockdown due to coronavirus has brought a screeching halt to every industry, including the travel and hospitality. With restrictions on international travel...

Picture Perfect Living Room Decor Ideas

A cosy and comfortable sofa set, a coffee table for tete-a-tete and a perfect TV unit to keep the entertainment mode on, all these...

‘Covid’ Now the most Searched Word of 2020

The term 'Covid' - the commonly used shorthand for Covid-19 or Coronavirus disease caused by the SARS CoV-2 virus - is the top word...

Beauty of Indian Culture: William Dalrymple on his Experience Living in India

India is one of the most religiously and ethnically diverse nations with the oldest culture in the World. The Indian culture varies like its...

Scientists Warn About Airborne Spread of Coronavirus

A report in The New York Times says a group of 239 scientists from 32 countries will publish an open letter to the World...

Online Searches Fall for Tik ToK, WeChat, ShareIT After Ban in India

The Indian government's decision to ban 59 Chinese owned apps has impacted online searches for those apps. A study found that on the June...

CBSE Partners Facebook to Provide Training on Digital Safety

The Central Board of Secondary Education (CBSE) on Sunday announced a partnership with Facebook to provide training on digital safety, online well being and...

Recent Comments