Acquisition of 48 Mi 17 choppers by Indian Air Force

22 July 2015

A proposal has been moved by Indian Air Force to acquire more medium lift chopper worth Rs spend $1.1b (Rs 6,980 Cr) from Russia that would offer a vital addition to the transport feel of Air force. The new choppers, which will serve in terrains ranging from the desert to high-altitude locations along the China and Pakistan border, will be added to the IAF fleet of 139 Mi 17 V5s that form the backbone of the IAF transport operations.

The plan that is approved by Indian Air force includes maintenance facilities for the choppers as well as an offset obligation of 30%. The operationally proven choppers are much-needed replacements for the older Mi 8 transporters that have reached the end of their service life.

For further information, please click here

News & Deals

IJ advised on Beyond Renewables’ pre-seed funding round

IJ advised Investor in Reia pre-seed funding

IJ advised the Investor in VAMA’s INR 22 Crore Pre-Series A funding round.

Publications

Bridging Jurisdictions: Cross-Border Insolvency in The Gift City Paradigm

Reframing Liquidation Under IBC: Transitioning From Sale as a Going Concern to Asset-Based Realisation

AML Issues & Compliances By Entities In GIFT City

Newsletters

Indian Banks and Russian Oil: How Sanctions are Reshaping India’s Energy Trade

India’s Historic Reform: Enforcement of Four Labour Codes Revolutionizing Labour Law Framework

REGULATORY MATURITY AND INSTITUTIONAL ARCHITECTURE IN INDIA’S VDA DEVELOPMENT