MOSCOW (Sputnik) — Head of design and manufacturing company Russian Helicopters Alexander Mikheev told reporters he expected 200 aircraft to be manufactured in the initial phase.
"We expect a formal notification from the Indian side on its decision to launch this project in the near future," the CEO said.
According to Mikheev, Russia's exports-imports Rosoboronexport agency will carry out the contract, with Russian Helicopters as a partner.
"This will be a new delivery design. This will be a program with production technology transfer in India," he said, adding that the sides are looking into a public-private partnership.
The project is yet to develop a technological or financial model, the Russian Helicopters' head stressed.
Mikheev told reporters earlier in the day Russian Helicopters was due to deliver a total of 244 helicopters to its customers this year.
On Wednesday, Mikheev said at the Aero India 2015 international air show in southeast India's Bengaluru he hoped a joint Russian-Indian venture to manufacture the Ka-226T would emerge based on the experience with Russia-designed Sukhoi Su-30 MKI fighter jets under license in India.