Tuesday, July 24, 2012

India clears Rs 12,000 cr proposal for 56 aircraft

IAF's advanced transport C-130J Super Hercules.
NEW DELHI (PTI): The Indian Defence Ministry has cleared a proposal worth over Rs 12,000 crore to procure 56 transport aircraft for the Air Force to replace its fleet of vintage Avro planes.

In a meeting of the Defence Acquisition Council (DAC) headed by Defence Minister A K Antony, the IAF proposal to issue a global tender for procuring these aircraft was cleared, Defence Ministry sources said here on Monday.

The first 16 aircraft will be procured off-the-shelf from foreign vendors who will have to partner with a local private or public sector firm, they said.

The next 16 aircraft will have to have 30 per cent indigenous component while the remaining 24 planes will have 60 per cent locally-procured and produced items.

Asked why the state-run Hindustan Aeronautics Limited (HAL) was not be involved in the project, they said the PSU was already burdened with projects such as the SU-30MKI production and upgrades of IAF aircraft fleet including the Mirage, MiG 29 and Jaguar aircraft.

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