DUBAI : The head of Russian Helicopters said on Sunday that India was delaying the signing of a firm agreement for purchasing 140 helicopters despite providing all information. Russian Helicopters is owned by state-owned Russian conglomerate Rostec. India and Russia signed a deal in 2015 under Indian Prime Minister Narendra Modi's ‘Make in India’ programme for the supply of 140 KA 226T helicopters with Russia to deliver 40 and the remaining to be assembled and manufactured in India. Civilian helicopters account for about 30-35% of Russian Helicopters' total sales while the remaining 65-70% are military choppers. Russian Helicopters plans to sell 1000 of the VRT-500s by 2035, he said.

Source: Mint November 17, 2019 07:52 UTC