Page-4 of defence deals Current Affairs, GK & News

Airbus, Mahindra Group ink MoU to form joint venture company

Mahindra Defence Systems Limited, a subsidiary of Mahindra Group and Airbus Helicopter have inked pact to form a joint venture (JV) company to produce helicopters in India. In this regard, both entities have signed a memorandum of understanding (MoU) to form a joint venture. The tie-up will bid for defence contracts in India under the ..

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MoD promotes “Make in India” vision of PM: Axes Copter deal

Minister of Defence Mr.arun Jaitley, made a significant stride to take the PM’s vision of “Make in India” forward by scrapping the global tender for Rs.6000 crores Light Utility Helicopters. The scheme which had been in the pipeline for a considerable length of time now, was actually mired in corruption charges and other technical controversies. ..

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