Four Indian firms including Tata, Adani, Mahindra Defence Systems and Bharat Forge have been shortlisted by the Indian Navy 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.Read More…
