The Ministry of Defence (MoD) on Tuesday kicked off the procurement of 111 Naval Utility Helicopters (NUH) for the Indian Navy. This acquisition, estimated to be worth Rs 21,738 crore, is the first one being processed under the new Strategic Partner (SP) procurement model.
The SP model envisages the indigenous manufacture of major defence platforms by an Indian company, which will collaborate with a foreign OEM (original equipment manufacturer) to acquire niche technologies and set up production facilities in India.
