India’s $1.3B bid for Chinese aerospace firm clears hurdle

India’s $1.3B bid for Chinese aerospace firm clears hurdle

The Government of India on Thursday announced a $1 billion proposal to build four aircraft carriers and a helicopter carrier at the Indus River port of Indus in the state of Gujarat.

The announcement, by the state’s finance minister, Suresh Prabhu, follows a similar bid for the proposed Chinese-designed aircraft carrier, a project that was initially blocked by India’s parliament.

The government said the ships would be able to carry up to 1,200 personnel, including pilots, engineers and a ship’s engineer.

The proposed carriers, which will be built by Chinese companies, are expected to be ready for operational service in 2021.

Prabhu said the $1bn proposal was in line with India’s commitment to the Indes River port, which has been under heavy water after a dam broke in 2016, killing an estimated 1,400 people.

He also said that the Government of Gujarat had agreed to buy 40 Indian-made aircraft from a Chinese manufacturer for training and maintenance at the facility.

“This was a strategic agreement between India and China.

It is in line of our commitment to Indus port,” he said.

India and China signed an $8 billion trade deal in January that also included the proposed Indus project.

The agreement includes the construction of two additional facilities for the construction and maintenance of the Induses ships, a deal that is expected to cost about $4.6 billion.

The Indus-China corridor, which spans the western Pacific Ocean to the Gulf of Aden, is a vital link in Asia’s maritime trade.

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