FIPB clears Tata, Westland proposal to assemble choppers

November 10, 2013 15:12

The Foreign Investment Promotion Board has approved a proposal to assemble upgraded version of a military and civil helicopter in collaboration with Augusta Westland, a firm which is facing corruption inquiry in India.

The FIPB in its meeting on September 19 approved the proposal of Indian Rotorcraft, which is a joint venture between Tata Sons (74 per cent) and Augusta Westland (26 per cent).

As per the proposal the Indian Rotorcraft will assemble AW119Kx helicopters, an upgraded version of AW119Ke chopper.

The company expects to commence production from March 2014.

The issue of corruption charges on Augusta Westland's parent company Finmeccanica came up during the FIPB meeting and it was observed that "the issue which was being investigated related to helicopter model AW101 and not this proposal", sources said.

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