- The Indian Navy is in the process of selecting private and public vendors from the country to procure new utility helicopters at the estimated cost of over Rs 20,000 crore.
- The Navy has sent a proposal to the Ministry of Defence which specifies that it needs 110 naval utility helicopters, out of which 94 are to be made in India in partnership with a foreign partner.
- The valuation of the contract makes it the largest ‘Make in India’ chopper deal till date.
- 11 Indian companies, including Mahindra, Tata, L&T and Reliance, have shown interest to the proposal that was issued by the Navy earlier this year.
- All offered helicopters to be ‘Made in India’ in collaboration with a foreign firm.