India, Russia sign agreement to jointly develop multirole transport aircraft; RFI issued for Rs. 50,000 Crore submarine project
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    • India and Russia have signed a shareholder agreement for setting up a joint venture (JV) company for joint development and production of Multirole Transport Aircraft (MTA). The JV to be formed between India’s Hindustan Aeronautics Ltd (HAL) and Russia’s United Aircraft Corporation and Rosoboronexport, will be headquartered in Bangalore. A total of 205 MTAs are initially planned for production, with equal work share equally between the two counties and each contributing US$ 300.35 million to the project. “The main features of MTA are: Maximum take-off weight 65 tonnes, Payload Capacity 15-20 tonnes, Cruise Speed 800 kmph, Range 2500-2700 km, Service ceiling 12 km. The Aircraft will have two engines, state of the art features such as fly-by-wire, full authority digital engine control, modern avionics and glass cockpit”, noted a government press release.1

    The Ministry of Defence issued Request for Information (RFI) to major global vendors for acquisition of six submarines, valued over Rs. 50,000 crore. The submarines to be acquired under the project P-75I are in addition to the six that India has already contracted with transfer of technology (TOT) agreement with France, under which the domestic naval shipbuilder Mazagon Docks Ltd (MDL) is carrying out the construction work. Of the six submarines under P-75I, two are planned to be procured from off-the-shelf from the selected vendor, and rest four to be build in Indian shipyards.2

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