India moved a step closer to inviting bids for the purchase of 114 fighter jets, currently the world’s largest deal in play, as Prime Minister Narendra Modi seeks to boost the capability of the country’s armed forces and replace an aging combat aircraft fleet.
The deal -- valued at more than $15 billion -- has attracted initial offers from global defence majors, including Boeing Co., Lockheed Martin Corp and Sweden’s Saab AB. At least 85 per cent of production has to be in India, according to an initial document issued more than a year back.
Modernising the country’s defence forces is critical for Modi, who hardly signed any new major arms deals during his first term, even as twin threats from neighbouring China and Pakistan loomed. A Pakistani F-16 jet downed an aging Soviet-era MiG 21 -- Indian Air Forces mainstay -- in a dogfight during a military confrontation earlier this year.
The evaluation of initial bids and finalising the Air Force’s requirements has begun, junior Defence Minister Shripad Naik told lawmakers in Parliament. India is also drafting initial documents to purchase tanks and armoured vehicles, as well as asking foreign shipbuilders to show interest to manufacture submarines in India, he said.
03/07/19 New Indian Express
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The deal -- valued at more than $15 billion -- has attracted initial offers from global defence majors, including Boeing Co., Lockheed Martin Corp and Sweden’s Saab AB. At least 85 per cent of production has to be in India, according to an initial document issued more than a year back.
Modernising the country’s defence forces is critical for Modi, who hardly signed any new major arms deals during his first term, even as twin threats from neighbouring China and Pakistan loomed. A Pakistani F-16 jet downed an aging Soviet-era MiG 21 -- Indian Air Forces mainstay -- in a dogfight during a military confrontation earlier this year.
The evaluation of initial bids and finalising the Air Force’s requirements has begun, junior Defence Minister Shripad Naik told lawmakers in Parliament. India is also drafting initial documents to purchase tanks and armoured vehicles, as well as asking foreign shipbuilders to show interest to manufacture submarines in India, he said.
03/07/19 New Indian Express
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