New Delhi: With the defence forces planning to finalise major deals such as the one for 126 Rafale combat aircraft, the government has earmarked more than Rs 33,000 crore for acquiring aircraft and aero-engines from the Rs 86,000 crore modernisation budget for the forces.
Of this amount, Rs 25,000 crore has been given to the IAF which is close to finalising negotiations for deals such as the 126 Rafale combat aircraft, 22 Apache attack choppers, 15 Chinook heavylift helicopters and six Airbus 330 MRT mid-air refuelers.
The IAF is also working on one of its biggest deals to co-develop the fifth generation fighter aircraft with Russia and the deal is expected to cost over Rs 1 lakh crore in the long run.
28/02/13 PTI/Economic Times
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Of this amount, Rs 25,000 crore has been given to the IAF which is close to finalising negotiations for deals such as the 126 Rafale combat aircraft, 22 Apache attack choppers, 15 Chinook heavylift helicopters and six Airbus 330 MRT mid-air refuelers.
The IAF is also working on one of its biggest deals to co-develop the fifth generation fighter aircraft with Russia and the deal is expected to cost over Rs 1 lakh crore in the long run.
28/02/13 PTI/Economic Times
