Friday, February 13, 2009
New Delhi: India and Russia have decided to set up a 50:50 joint venture (JV) in the next few months to develop a multi-role transport aircraft at an estimated cost of USD 600 million.
Announcing this Thursday in India's southern city of Bangalore, President and Chairman of United Aircraft Corporation (of Russia) Alexey I. Fedorov said his country will soon identify the firm which would work along with Bangalore-based Hindustan Aeronautics Limited (HAL) to develop the aircraft.
"Within a few months, the joint venture will be in place," Indian wire agency United News of India (UNI) quoted him as saying.
The jointly developed transport aircraft would be inducted into the Russian and Indian Air Force, he said on the sidelines of the ongoing South Asia's biggest airshow in Bangalore "Aero India 2009."
12/02/09 Khabrein
Announcing this Thursday in India's southern city of Bangalore, President and Chairman of United Aircraft Corporation (of Russia) Alexey I. Fedorov said his country will soon identify the firm which would work along with Bangalore-based Hindustan Aeronautics Limited (HAL) to develop the aircraft.
"Within a few months, the joint venture will be in place," Indian wire agency United News of India (UNI) quoted him as saying.
The jointly developed transport aircraft would be inducted into the Russian and Indian Air Force, he said on the sidelines of the ongoing South Asia's biggest airshow in Bangalore "Aero India 2009."
12/02/09 Khabrein
Labels: Defense, HAL, India, Russia, Transport
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