08 October 2011

News Story: Indian Defence Ministry clears offset proposals for combat plane deal

Eurofighter Typhoon
NEW DELHI (PTI): Defence Ministry on Friday cleared the way for opening the commercial bids of two shortlisted vendors in the multi-billion dollar combat aircraft deal by approving their offset proposals here.

After the bids are opened, the Defence Ministry will be able to determine the lowest bidder in the deal for 126 Medium-Multi Role Combat Aircraft (M-MRCA) and decide who will ultimately get the contract described as the 'mother of all deals'.

Read the full story at Brahmand