New Delhi: Russia's Rostech State Corporation has tied up with Hindustan Aeronautics Limited (HAL) to manufacture at least 200 Kamov 226T light helicopters in a deal estimated to be worth 1 billion USD under 'Make in India' initiative. The Kamov will replace the ageing fleet of Cheetah and Chetak.

Sergei Chemezov, CEO of Rostech said organization for the manufacture of helicopters is provided by the creation of a Russian-Indian joint venture in India, which includes holdings of Rostech-JSC 'Rosoboronexport' and 'Russian Helicopters¿, and on the India side - the corporation Hindustan Aeronautics Limited.