The Anti-Submarine Warfare Sonobuoys will be integrated with Indian Navy’s Romeo helicopters. US says this proposed $52.8 mn sale will help strengthen US-India strategic relationship.
The two helicopters will be delivered to India by the US govt around the time Prime Minister Narendra Modi will be on an official visit to the country later this month, it is learnt.
The sale of 24 MH-60 'Romeos', which will cost India $2.6 billion, comes 19 years after Indian Navy moved proposal to acquire medium multi-role helicopters.
The Indian military’s current fleet of choppers is ageing and inadequate. It’s estimated that over the next 10 years, India needs more than 1,000 helicopters.
Imagine someone came to pick you up at Bengaluru airport. Spend more than two hours in traffic to see you? And pay for a cab both ways? There’s no bigger confession of love.
Regulator seeks feedback on allowing firms to repurchase shares via exchanges after tax changes, as markets reel from war-led selloff and foreign outflows.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
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