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    Four Indian firms including Tata, Adani in final race for Rs 25,000 crore chopper deal for Navy

    Synopsis

    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 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.


    NEW DELHI: 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.

    "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 companies 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.
    (Catch all the Business News, Breaking News Events and Latest News Updates on The Economic Times.)

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    12 Comments on this Story

    Somya Das127 days ago
    Tata
    Gaurav Thakur314 days ago
    Tata Will be the winner... People will remain blinded by their hate towards Modi however eventually most ethical company will get the order
    Hassan315 days ago
    Adani,Tata,Mahindra or Bharath Forge are in the final race to get the deal.What matters most is will there be a technology transfer and the winning firm be able to make an advance chopper on its own or this deal just cosmetic.
    The Economic Times