Russia will partner with Reliance Defence and Aerospace (RDA), a Reliance Group company owned by Indian billionaire Anil Ambani, in a joint venture to manufacturer 200 Kamov 226T helicopters in India.
The contract is said to be worth approximately $1bn and will be the second recent defence deal secured by the Reliance Group following last month’s deal for the refit of 24 EKM 877 Russian submarines in India. According to The Times of India, the three-way agreement includes Reliance Group’s RDA, Russian Helicopters and Rosoboron Exports,…
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