The final roadmap for the Joint production of Kamov Ka 226T helicopters has been finally drawn up and the mega project is thus officially on.
“With the road map now in place, the production of Kamov 226T helicopters has formally taken off,” said a top executive of state run, HAL which will undertake the production of the said helo.
The program now just requires a formal approval from Russian Head of State Vladimir Putin. After the approval, the Indian MoD will issue a single-vendor tender to Indo-Russian Helicopters Private Limited, the firm born out of the JV, which will then submit its proposal within a time frame of six months.
Gopal Sutar, the chief of media communications at HAL, said: “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.”
Russian Rostec Corp. will own a 49.5 % stake in the Joint venture and Indian HAL will own a majority 50.5 %
Under the $1 billion mega 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 Joint production will be undertaken at a new complex in Tumkur near HAL’s Bangalore facility.
Source – Defense News
Pic Credits – Airliners.net