The order, which will be executed by Hindustan Aeronautics (HAL), is worth about ₹26,000 crore.
The Indian Air Force (IAF) has ordered 40 Tejas Mark 1 fighters, of which HAL has already built and delivered 16. Now, with the Defence Acquisition Council (DAC) clearing the acquisition of 83 more fighters, HAL’s Tejas production line will be fully loaded for another five years.
“While orders of 40 Tejas aircraft had been placed with HAL in initial configurations, DAC paved the way for procurement of 83 of the more advanced Mark 1A version of the aircraft from HAL by finalising the contractual and other issues. The proposal will now be placed for consideration of the Cabinet Committee on Security (CCS),” stated the MoD on Wednesday.
“This procurement will be a major boost to ‘Make in India’ as the aircraft is indigenously designed, developed and manufactured with participation of several local vendors apart from HAL,” stated the MoD.
This story is from the March 19, 2020 edition of Business Standard.
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This story is from the March 19, 2020 edition of Business Standard.
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