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| Indian C-130J 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.
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