Friday 10 May 2013

India launches Rs 13,000 crore IAF aircraft project involving private sector


Indian AirForce Avro

     India has kick-started another mega defence project by floating the global tender for the over Rs 13,000-crore acquisition of 56 transport aircraft to replace the ageing Avro fleet of IAF. The project, under which the first 16 aircraft will be bought off-the-shelf and the rest 40 will be manufactured in India, breaks new ground by specifying that the foreign aviation major eventually selected will have to tie-up with an Indian private sector company to produce the planes. 

       Defence PSU, Hindustan Aeronautics Ltd (HAL), which has a virtual monopoly in the military aviation arena, is being kept out of this project. The tender, or request for proposal (RFP), was issued to eight aviation majors — Embraer, Lockheed Martin, Airbus, Ilyushin, Casa, Saab and Alenia Aeronuatica — on Wednesday. Incidentally, Alenia Aeronautica is part of the Italian conglomerate Finmeccanica, which is facing charges of paying bribes to swing the Rs 3,546-crore contract to supply 12 VVIP helicopters to India in favour of its UK-based subsidiary, AgustaWestland.
Read more at: TimesofIndia

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