BENGALURU. Russian Helicopters Holding Company (a part of State Corporation Rostec) and a number of Indian companies signed Memorandums of Understanding (MoUs) at Aero India 2019 in Bengaluru on February 20.
The parties agreed to explore the producing a number of assemblies and components for Ka-226T helicopter in India.
The MoUs were signed with the following companies Elcom, Valdel Advanced Technologies, Dynamatic Technologies, Integrated Helicopter Services and Bharat Forge, covering assemblies such as fuselage, blades, radiostation and landing gear.
“We have launched a new stage of Ka-226T project: identifying the chain of manufacturers among the Indian companies. I am positive that the agreements reached today will result in a long-term mutually beneficial cooperation at a later stage when the production of Ka-226T is transferred to the customer’s territory”, noted Andrey Boginskiy, Director General of Russian Helicopters Holding Company following the signing.
“The program of localization of production of Ka-226T helicopter in India is a key project within the scope of the “Make in India” programme. The contract provides for the delivery of 60 Ka-226T assembled in Russia and the production of 140 units in the territory of the partner country. That said, the project opens up ample opportunities: I am sure that the rotorcraft assembled in India will be in high demand in this country as well as in the third markets. In particular, we intend to take part in a bid for the delivery of 111 Naval Utility Helicopters for the Indian Navy.”
“The selection of Ka-226T will allow India to reduce expenditures for transportation, maintenance, personnel training due to the localization of production in its own territory,” highlights Victor Kladov, Director for international cooperation and regional policy at State Corporation Rostec.
Light utility helicopter Ka-226T features coaxial main rotor system, maximum take-off weight of 3.6 tons and is capable of transporting up to 1 ton of payload. The main distinctive feature of the helicopter is its modular design. Ka-226T can be easily fitted with a transport cabin enabling the transportation of up to 6 people, or with modules carrying special equipment. Flight performance of Ka-226T helicopter, its environmental friendliness, cost effectiveness, state-of-the-art avionics suite and additional flight safety solutions make this helicopter one of the best in its class.
JSC Russian Helicopters (part of Rostec State Corporation) is one of the world leaders in helicopter industry, the only developer and manufacturer of helicopters in Russia. The holding company was established in 2007. The head office is located in Moscow. The holding company is comprised of five helicopter plants, two design bureaus, enterprises for production and maintenance of components, aircraft repair plants and a service company providing after-sales support in Russia and abroad.
Among the buyers of the holding company’s products are the Defense Ministry of Russia, the Ministry of Internal Affairs of Russia, EMERCOM of Russia, and other state customers, Gazprom Avia and UTair airlines, as well as major Russian and foreign companies. In 2016, the revenue of Russian Helicopters under IFRS amounted to RUB 214.3 billion, its shipments totaled to 189 helicopters.
Rostec Corporation is a Russian corporation that was established in 2007 to facilitate the development, production and export of high-tech industrial products designed for civilian and military applications. The Corporation comprises over 700 organizations that are currently part of eleven holding companies operating in the military-industrial complex and three holding companies working in civilian industry, as well as 80 directly managed organizations.
Rostec’s portfolio includes well-known brands such as AVTOVAZ, KAMAZ, Concern Kalashnikov, Russian Helicopters, VSMPO AVISMA, UralVagonZavod, etc. Rostec companies are located in 60 constituent entities of the Russian Federation and supply products to the markets of more than 70 countries. In 2016 the consolidated revenue of Rostec reached 1 trillion 266 billion rubles, while the consolidated net income and EBITDA amounted to 88 and 268 billion rubles respectively.
In 2016 the average salary in the Corporation was 44 thousand rubles. According to Rostec’s strategy, the main objective of the Corporation is to ensure that Russia has a technological advantage in highly competitive global markets. Rostec’s key objectives include the introduction of a new techno-economic paradigm and digitalization of Russian economy.