A Russian firm has won the contract to supply instrument landing system—a flight navigation aid–to airports operated by Airports Authority of India (AAI).
The first landing systems will be shipped before November and payment for the purchase will be made in “national currencies,” said the Russian embassy in Delhi in a press statement.
Russian companies and banks were put under Western sanctions after Moscow’s forces invaded Ukraine on February 24. India is buying oil from Russia, drawing criticism from Europe.
A press release from the Russian Embassy said that NPO “RTS” will manufacture 34 sets of ILS for 24 AAI-run airports.
“The contract between NPO “RTS” and AAI has become a breakthrough for Russian business in the highly competitive market of ground-based radio equipment in India. There is no doubt that the successful execution of the contract will open up new opportunities for the implementation of joint projects to modernize Indian airport infrastructure,” said Russian Denis Alipov.
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
For all the latest Business News Click Here
For the latest news and updates, follow us on Google News.
Denial of responsibility! NewsBit.us is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
