Russian Helicopters plans first long-term contract with India

Image
Press Trust of India New Delhi
Last Updated : Mar 28 2016 | 7:57 PM IST
Russian Helicopters, part of State Corporation Rostec, plans to sign the first long-term maintenance agreement with India to provide after-sales service for Mi-17 helicopters.
"We have conducted negotiations with our Indian partners and we plan to sign a contract that will lay the foundation for collaboration between Russian Helicopters and India in an entirely new way," said Igor Chechikov, Russian Helicopter's deputy CEO.
"The company is shifting from offering separate services to providing comprehensive after-sales support," he said in a statement emailed to media.
"The possibility of such collaboration is now being discussed with the Air Force, Navy and border patrol troops of India," Chechikov said at Defexpo India 2016.
"For us, it will be the first long-term service contract with India," he said on the agreement for the Mi-17 transport helicopters to be signed with India's Ministry of Defence.
"Set prices and delivery dates for supplying equipment needed to repair our helicopters are among the advantages of this type of contract. It will boost Russian-made helicopters' after-sales system to a new level," he said.
According to the preliminary agreement, Russian Helicopters will provide repairs to Mi-17 type helicopters and will supply spare parts for them throughout the entire life cycle of the rotorcraft.
Repairs of helicopters operated in India will be performed by enterprises belonging to Russian Helicopters holding company.
The contract life cycle is expected to be three years, the release said.
Its further extension, as well as an expansion of helicopter models covered by the after-sales support system, are also being considered.
Russian Helicopters specialists have submitted an itemised list to the Indian Air Force that specifies 4,000 items - equipment needed to provide maintenance and extensive helicopter repairs.
Before the end of 2016, the list will grow up to 6,000 items to be further supplemented and updated in future.
Russian Helicopters is one of the global leaders in helicopter production and the only helicopter design and production powerhouse in Russia.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 28 2016 | 7:57 PM IST

Next Story