India is likely to sign a $ 2 billion plus deal for naval multi role helicopters (NMRH) through a direct government purchase from the US by the end of this year.
Navy Chief Admiral Karambir Singh has said that negotiations are proceeding and the contract could be finalized shortly. “The LOR (letter of request) and LOA (letter of acceptance) procedures and on and we should be ready by the end of the year,” the top officer said at the sidelines of a FICCI seminar in the capital. Read More…
