India, Russia In Advanced Talks For $1.1 Billion Chopper Deal
India and Russia are in advanced talks to seal a $ 1.1-billion deal for new medium lift helicopters to be used by both the defence and home ministry, with a likelihood of it being inked at an upcoming bilateral summit that will see Russian President Vladimir Putin travelling to the capital in October.
The deal for 48 additional Mi-17 V5 choppers – which currently are the backbone of the air force’s heliborne transport fleet – has been in discussions since 2015, with both the ministries raising a demand for helicopters to be used for a range of missions. These include troop support missions in the mountain regions as well as critical air transport for the fight against Naxal extremism.
Anupama Airy's creative blog on DashBurst. Journalist for 23 yrs in leading business & national dailies. Founder & Editor; of 2 websites: http://energyinfrapost.com and https://defenceaviationpost.com - Anupama Airy
Journalist for 23 yrs in leading business & national dailies. Founder & Editor; of 2 websites: http://energyinfrapost.com and https://defenceaviationpost.comAnupama Airy
RIL Founder Dhirubhai Ambani’s 5 Evergreen Quotes That Will Poke You To Dream Big
Dhirubhai Ambani, founder of India’s second most valued enterprise by market capitalisation Reliance Industries started the company with a meagre Rs 1,000. Sharing that it was Dhirubhai Ambani’s dream to see Reliance Industries turn into a world-class conglomerate, chairman Mukesh Ambani noted that his father had realised his dream in his own lifetime.
“My father founded Reliance in 1966 with one just employee and with a meagre capital of only Rs 1000, or about USD 130 at that time. Even then, his dream was to build Reliance as a world-class and world-scale Indian business conglomerate. He realised his dream in his own lifetime,” Mukesh Ambani said at Financial Times ArcelorMittal Boldness in Business Awards in March this year.
L&T, Reliance Officials First Called For Bid Opening, Then Sent Back Sans Explanation
On the eve of the monsoon session, the defence ministry has decided to play it safe, postponing a decision on a warship deal that would have given the winner a Rs 20,000-crore contract under the Make in India initiative.
The commercial bidding process for four amphibious warships to be made in India has been stuck for over a year now after L&T and Reliance Naval & Engineering Limited (RNEL) were shortlisted by the ministry.