20
Feb
The joint venture between India and Russia for producing Kamaov Ka-226T light helicopters in India will open new vistas of defence cooperation between the two countries. The documentation for the JV is over and now formal registration of the JV by respective government bodies is awaited. Indian defence PSU Hindustan Aeronautics Ltd, Russian Rosoboronexport and Russian Helicopters created the JV last year. The JV is formed on the basis of 50.5% share for India and 49.5% shares for Russia. Mr Viktor Kladov, head of International Cooperation, Rostec has said, “Since October 2016 the project has been moving full-steam-ahead. We have…