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| Old "Avro" Aircraft to be replaced |
NEW DELHI (PTI): In a first step of its kind to strengthen the indigenous aerospace industry, the Defence Ministry has issued a tender expected to be worth over Rs 12,000 crore to replace IAF's Avro planes with 56 new aircraft which will be produced by the Indian private sector firms.
The tender has been issued to eight foreign vendors including American Lockheed Martin, Swedish Saab, Russian Rosoboronexport, Spanish Airbus Military, Italian Alenia and Brazilian Embraer and they will have to find an Indian partner to produce 40 aircraft within India, IAF officials said here.
Indian majors such as Tata, Mahindra Defence Systems, Reliance Industries and L & T are expected to partner the bidding foreign partners for the programme.
The defence acquisition council (DAC) headed by Defence Minister A K Antony had recently approved the IAF proposal for procuring these aircraft.
Read the full story at Brahmand