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Perhaps but the IA/IAF had selected the Fennec intially- it was only through Poltical intervention that the deal was awarded to Kamov. The Fennec will be cheaper to operate most likely.
I was mostly disappointed not with the selection itself- the Ka-226T is fine, but that Kamov selected HAL, and not an Indian private player, to make the birds in India.
The tender was a UPA goof up. It should have gone through the MMRCA type selection, then only the Ka-226T would have qualified. The Ka-226T has way too many good advantages, like comparing Rafale to a Gripen.
The Ka-226 has more payload, higher ceiling, higher climb rate, better control in rarefied atmosphere etc. It's twin engine, so safer in the Himalayas.
Thum! Kaun Aata Hai?: Why MoD Picked the Kamov Ka-226T 'Hoodlum' over the Eurocopter AS550 C3 Fennec
MI-17 is not suitable for the IN or ICG and, according to Aribus, the IA is looking at the EC-725.
For that, the Sikorsky is the absolute best. The ones that belong to the Black Hawk fame. The Seahawk derivative is the one that won the tender.