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India approves $7.6 billion purchase of fighter jets – media India approves $7.6 billion fighter jet purchase – media
(about 3 hours later)
The acquisition of the Tejas light combat aircraft will help New Delhi replace its aging fleet of MiG-21s Acquisition of Tejas light combat aircraft will help New Delhi replace its aging fleet of MiG-21s
The Indian government has signed off on a $7.6 billion deal for domestically produced fighter planes, ANI News has reported, citing defense sources. The 97 Tejas Mark 1A light combat aircraft will be made by state-run Hindustan Aeronautics Ltd (HAL), which manufactures fighter jets, helicopters, jet engines and avionics. The Indian government has signed off on a $7.6 billion deal for domestically produced fighter planes, ANI News has reported, citing defense sources. The 97 Tejas Mark 1A light combat aircraft will be made by state-run Hindustan Aeronautics Ltd (HAL), which manufactures fighter jets, helicopters, jet engines and avionics. 
The acquisition will help the Indian Air Force (IAF) replace its aging fleet of MiG-21s, which are scheduled for phased retirement in the coming weeks, according to the ANI report. The latest order for fighter jets comes after almost five years.The acquisition will help the Indian Air Force (IAF) replace its aging fleet of MiG-21s, which are scheduled for phased retirement in the coming weeks, according to the ANI report. The latest order for fighter jets comes after almost five years.
More than 65% of the components of the new jets are slated to be produced in India, the NDTV website reports.More than 65% of the components of the new jets are slated to be produced in India, the NDTV website reports.
The decision to buy the Tejas aircraft is seen as a boost to the government’s “Make in India” initiative. The project is also expected to generate significant business for small and medium-sized enterprises in the country’s defense sector.The decision to buy the Tejas aircraft is seen as a boost to the government’s “Make in India” initiative. The project is also expected to generate significant business for small and medium-sized enterprises in the country’s defense sector.
India has been ramping up its defense purchases this year. In May, New Delhi approved $175 million for the development of an advanced medium combat aircraft (AMCA). The multi-role stealth jet will be used by the air force and navy.India has been ramping up its defense purchases this year. In May, New Delhi approved $175 million for the development of an advanced medium combat aircraft (AMCA). The multi-role stealth jet will be used by the air force and navy.