Foreign helicopter manufacturers are chasing Indian private sector players for a Rs 21,000 crore plan to manufacture naval utility helicopter, a project for which the defence ministry is moving fast but needs to take a call after state-owned Hindustan Aeronautics Ltd (HALNSE 0.04 %) entered the fray.
The plan to manufacture 111 helicopters under the strategic partnership process kicked off earlier this year after the ministry sent out a public request for bids by Indian companies. The bid – an Expression of Interest (EOI) – specified that the applicant company needs to be a ‘private sector company’. Read More…
