You are here: Home » Companies » News
Business Standard

Tata, Adani, Bharat Forge, Mahindra in race for Rs 25k-cr Navy chopper deal

The Navy will now take the case to the Defence Acquisition Council with the shortlisted names of both Indian and foreign manufacturers

Topics
Indian Navy | Bharat Forge | Mahindra defence

ANI 

Tata, Adani, Bharat Forge in race for Rs 25,000 crore chopper deal for Navy

Four Indian firms including Tata, Adani, Systems and have been shortlisted by the as strategic partners for the project involving a deal worth Rs 25,000 crore for indigenous manufacturing of 111 Naval Utility Choppers.

Under the first project of the strategic partnership policy of the Narendra Modi government to develop indigenous industry's defence manufacturing capacity, 111 light helicopters have to be built indigenously through joint ventures between Indian and foreign firms.

"The four Indian firms will now need to partner with foreign original equipment manufacturers including European Airbus Helicopters which has offered two choppers, American Sikorsky-Lockheed Martin and Russian Rosoboronexport," sources in the Navy told ANI.

The Navy will now take the case to the Defence Acquisition Council with the shortlisted names of both Indian and foreign manufacturers for the ambitious project to get the approval from the government for its shortlist and take the process forward.

Sources said a total of eight Indian had shown interest in becoming strategic partners including a public sector undertaking but only four have been shortlisted by the force which will use the new choppers to replace its fleet of Cheetah/Chetak helicopters.

The Strategic Partnership model was first envisaged under the leadership of late Manohar Parrikar during his stint as defence minister and gained shape later under Nirmala Sitharaman.

The strategic partnership model envisages tie-up between Indian and foreign firms leading to the acquisition of niche technologies and setting up of modern production facilities in India.

Under the plan, the first 16 helicopters have to be delivered from the OEM's overseas production facility and the remaining 95 helicopters Are to be manufactured in India by the selected strategic partner form.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, November 12 2019. 16:22 IST
RECOMMENDED FOR YOU
.