02-16-2017, 04:42 PM
While the US and Europe maintain sanctions on Russia, other countries have taken the opportunity to deepen ties.
Quote:Kamov Ka-226T "Make In India" project; the JV documents have been completed, awaiting registration
The documents for the Joint Venture between Rosoboronexport and Russian Helicopters on one side and HAL on the other side have been completed. The new JV is currently being registered with the necessary government bodies.
The shares in the JV have been agreed at 49.5% for the Russian side, 50.5% for the Indian side. The project is estimated at $1 billion+
India has traditionally been considered a special strategic partner of Russian Helicopters, part of Rostec State Corporation. More than 400 helicopters produced in Russia are registered and operated here.
Currently, Rostec's key helicopter project in India is the Ka-226T “Make in India” project. In 2016 Russian Helicopters, Rosoboronexport and HAL Corporation created a joint venture to localize production of the light, multirole Ka-226Ts and to deliver them to the Indian market. The JV resulted from an intergovernmental agreement between the two countries. The project is set for at least 200 units, 40 to be delivered from Russia in the nearest future, 160 to be made in India. In addition to the assembly, it provides terms for maintenance, operation, repairs and maintenance of these helicopters.
Guns don't kill people, the government does.