Sunday, February 03, 2013

Global Firms Eye Lucrative Contracts at India Air Show


South Asia’s biggest airshow kicks off in India on Wednesday, where global armament firms will be vying for multi-billion dollar contracts from the world’s biggest importer of weapons.
India launched the biannual Aero India event in 1996, three years before a mini-war with Pakistan prompted New Delhi to go on a global shopping spree for tens of billions of dollars worth of hardware to equip its million-strong military.
A total of 78 countries have confirmed their attendance, while companies from 27 of them will showcase their latest products at the five-day show in Bangalore, the hub of India’s aviation, space and IT industries.
India’s state-run Hindustan Aeronautics Ltd (HAL), which signed a deal with Russia in 2010 worth $30 billion to jointly produce 250 to 300 fifth-generation fighter jets, says it hopes to ink major contracts during the show.
03/02/13 Jakarta Globe
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