Confirmed: Argentina will buy light and medium utility helicopters from HAL, LoI signed

New Delhi: It's a significant piece of news for India's defence exports. Hindustan Aeronautics Limited (HAL) and Argentina's Ministry of Defence on Thursday signed a Letter of Intent (LoI) on productive cooperation and acquisition of Light and Medium Utility Helicopters for its armed forces.

The LoI was signed here by Argentinian Defence Minister Jorge Taiana, and HAL Chairman and Managing Director C B Ananthakrishnan, the Bengaluru-headquartered defence PSU said in a statement. Ananthakrishnan and other senior company officers briefed the visiting dignitaries on various activities of HAL and a presentation was given on the occasion.

During the day-long programme, Taiana and his team viewed the flying display of various HAL products at HAL Airport. The team also paid a visit to LCA and Helicopter Divisions and evinced keen interest in HAL products, the statement added.

India pitched the LCH to Argentina last month. A team from HAL was in Argentina to negotiate with the Argentinian Air Force to make a pitch for its LCH, along with its indigenously developed LCA Tejas fighter jets.

The team consisted of the Indian Ambassador to Argentina, Dinesh Bhatia, and officials of HAL met the FAA Chief Brigadier General Xavier Isaac.

Argentinian Defense Minister Taiana and Secretary of International Affairs for Defense Francisco Cafiero began their India visit on July 18. Besides meeting Indian Defense Minister Rajnath Singh, the Argentinian team is visiting the Indian defense companies to explore the purchase of LCA Tejas and BrahMos.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Business, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)