AgustaWestland takes arbitration route to keep chopper deal on
New Delhi: Facing the prospect of its Rs 3,600 crore VVIP chopper deal being scrapped, Agusta Westland today said it had taken the arbitration route to settle the fate of the contract.The Anglo-Italian firm said
“Since then, there have been a series of further requests for discussions. Regrettably, there has been no response from India's MoD,” the firm said in a release.
The firm wanted to hold talks with Indian authorities in order to “resolve the issues confronting us and to allow the Indian armed forces to receive the equipment they need,” the release added.
“The need to resolve this issue has left AgustaWestland with no other option but to invoke arbitration through counsel - the next step prescribed by the contract. This is not a step we take lightly,” it said.
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