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India clears $1.1bn contract for 48 Russian-built Mi-17-V5 helicopters

September 02, 2015, 13:30 UTC+3 NEW DELHI
India has already bought and introduced into its inventory 139 Mi-17s worth more than $2 billion
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Mil Mi-17-V5 helicopter

Mil Mi-17-V5 helicopter

© Sergey Bobylev

NEW DELHI, September 2. /TASS/. India's Defence Acquisition Council has approved procurement of 48 Mi-17-V5 helicopters worth $1.1 billion from Russia, the Economic Times daily reported on Wednesday.

"The contract for 48 Russian-made Mi-17-V5 helicopters worth 70 billion rupees ($1.1 billion) has topped the package deal on armament and associated materiel acquisition which was considered and approved by a session of the Defence Acquisition Council," a source in the Indian Ministry of Defence told the publication.

India has already bought and introduced into its inventory 139 Mi-17s worth more than $2 billion.

"The advanced Russian-made helicopters will be used in difficult-terrain areas ranging from deserts to mountains along the Pakistani and Chinese borders," Indian Air Force headquarters confirmed to TASS. "Mi-17V-5S helicopters make up the backbone of the transport helicopter fleet of the IAF," it said.

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