India approves $7.6 billion fighter jet purchase – media
The Indian government has signed off on a $7.6 billion deal for domestically produced fighter planes, ANI News has reported, citing defense sources.
The 97 Tejas Mark 1A light combat aircraft will be made by state-run Hindustan Aeronautics Ltd (HAL), which manufactures fighter jets, helicopters, jet engines and avionics.
The acquisition will help the Indian Air Force (IAF) replace its aging fleet of MiG-21s, which are scheduled for phased retirement in the coming weeks, according to the ANI report. The latest order for fighter jets comes after almost five years.
More than 65% of the components of the new jets are slated to be produced in India, the NDTV website reports.
The decision to buy the Tejas aircraft is seen as a boost to the government’s “Make in India” initiative. The project is also expected to generate significant business for small and medium-sized enterprises in the country’s defense sector.
India has been ramping up its defense purchases this year. In May, New Delhi approved $175 million for the development of an advanced medium combat aircraft (AMCA). The multi-role stealth jet will be used by the air force and navy.
