Presidential Approval for Indo-Russian JV

Presidential Approval for Indo-Russian JV 18 Apr, 17, Source: HeliHub.com

President Vladimir Putin has finally given his approval for an Indo-Russian joint venture for the production of 200 Kamov military helicopters. The deal, signed in 2015 for $1 billion, is between Hindustan Aeronautics Limited (HAL), Russian Helicopters and Rosoboronexport. They have yet to sign the MoU, reports Press Trust of India.

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