India has cleared an Italian helicopter deal worth nearly one billion U.S. dollars, sources said Saturday. "The Indian Defense Ministry has given a go-ahead to the deal to acquire 12 Italian-made choppers from Finmenicca which was earlier shrouded in allegations of bribery and wrongdoing. Now, the deal has been finally approved," the sources said. The deal was cleared after the Indian Embassy in Rome gave a clean chit to the company following an internal probe, they said. Under the deal, the Italian manufacturer will supply 12 helicopters to fly the Indian President, Prime Minister and other important dignitaries. "The choppers will arrive in India in January next year," the sources added. The 12 new choppers will gradually replace the ageing Russian- made Mi-8 helicopters that are nearing completion of their life.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor