"The TASL tie-up with Bell Helicopter is likely to be announced formally soon. The joint venture was described by Parrikar as the largest foreign investment project in India in the defence sector. TASL will be the lead company in partnership with Bell Helicopter, based in Fort Worth, Texas.Competition for the new choppers is expected to play out between the Bell 429 and the Airbus AS565, one of which will be selected on technical and commercial grounds. It will make the competition more or less a direct fight between Mahindra and Tata," people involved in the developments told ET. Earlier this month, Defence Minister Manohar Parrikar inaugurated a Boeing-Tata venture for producing the fuselage of AH 64 Apache attack helicopters in India.

Source: Economic Times June 27, 2016 19:45 UTC