On March 28th, the Indian Ministry of Defence (MoD) signed a Rs 62,000 crore (about $7.3 billion USD) deal to procure 156 new Light Combat Helicopters (LCH) – or “Prachand” – attack helicopters from Hindustan Aeronautics Limited (HAL).
As part of its offset commitments for India’s Rafale acquisition, France is offering to invest over a billion dollars in India’s homegrown fighter engine.