Russian Helicopters, Progression to Market Choppers in South-east Asia

Russian Helicopters, Singaporean Progression Pte and Russia-Singapore Business Council (RSBC) have signed an agreement with Centre for Overseas Promotion of Russian High-tech Companies and Presentation of Investment Projects on cooperation and joint collaboration to promote helicopters in the South-east Asia region.

Under the Agreement, Progression Pte. Ltd. and RSBC will conduct market research in the interests of "Russian Helicopters", as well as promotions and engage in activities aimed at attracting investment and building international alliances in Singapore and other countries of South-East Asia, Rostec said in a statement Tuesday.

"The aim of the agreement is to increase the sales of helicopters in the region that offers considerable growth potential. The Center for Promotion of Russian High-tech Companies, which we are currently opening in Singapore, will become the main driver for cooperation. The purpose of this organization is to increase the presence of Russian companies, primarily Rostec, in South-East Asia," said Chairman of RSDS, Deputy CEO of Rostec State Corporation Nikolay Volobuev.