Closing the deal much below the asking price, India has finalised the much-touted deal for purchase of 36 French made Rafale fighter jets at around Euros 7.8 billion or Rs 58,600 crores, sources in the know told DefenceAviationPost….
“Defence Minister Manohar Parrikar will once again strike a tough bargain for India during the ongoing three day visit of the US Defence Secretary Ashton Carter, a bargain that will see the country benefitng on both the economic and strategic front besides gaining immensely on the technical front
In line with PM Modi’s “Act East Policy”, India’s leading private sector company and largest auto maker by sales—Tata Motors, is all set to penetrate new markets in South East Asia and secure significant orders….
India’s defence industry is witnessing an important chapter in its history. For the first time, the industry (including big corporates, SMEs and MSMEs) is getting an opportunity to have wide….
The deal for 36 fighter jets was first announced during Prime Minister Narendra Modi’s visit to France last year. The two sides had hoped to wrap up the strategic order during President Francois Hollande’s Republic Day visit in January, but the two sides had failed to reach a consensus on the price. As reported by DefenceAviationPost.com, India wants to keep the price at around Rs 60,000 crore. Defence minister Manohar Parrikar had told DefenceAviationPost in an exclusive interview last month that he wanted to close the multi-billion dollar deal as early as possible.
Airbus Group has set its sights on exceeding $2 billion in cumulative procurement, covering both civil and defence, up to 2020. In a first for any foreign aerospace and defence…
Indian defence manufacturers will have easy access to testing facilities
The Tata Group-Singapore Airlines-backed full-service carrier Vistara has announced a 25%
Reliance Defence Ltd along with Ukraine based State Corporation ANTONOV have agreed to cooperate on dual version transport aircraft for Military, Para military and Commercial use in India; Requirement of more than 500 aircraft in different roles; market size exceed Rs 35,000 cr over next 15 yrs
Flying more than 3 million flight hours per year, Airbus Helicopters’ in-service fleet includes some 12,000 helicopters operated by more than 3,000 customers in 152 countries.