Brahmand NewsPrevious Article
Brahmand NewsNext Article
Headlines
  • Air chief Bhadauria flies sortie in HAL's trainer aircraft:-Air Chief Marshal R K S Bhadauria on Thursday undertook a sortie in the basic trainer aircraft HTT-40 here, thereby becoming the first serving Chief of Air Staff to fly in the Hindustan Aeronautics Limited developed aircraft at the prototype stage....
  • Screening process for selection of crew for Gaganyaan being done professionally: IAF chief:-Chief of Air Staff, Air Chief Marshal R K S Bhadauria, has said the screening process for the selection of crew for ISRO's proposed humanspace flight programme-Gaganyaan-is being done professionally. ...
  • Centre inks pact with Goa Shipyard for two missile frigates:-The Centre has signed a contract with the Goa Shipyard Limited (GSL) for construction of two advanced missile frigates for the Navy, Union Minister of State for Defence Shripad Naik has said....
  • India, US begin first tri-services exercise:-In reflection of growing congruence in bilateral defence ties, armed forces of India and the US on Wednesday began their first tri-services exercise on the Eastern seaboard. The nine-day humanitarian assistance and disaster relief (HADR) exercise code-named 'Tiger Triumph' is aimed at developing inter-operability between the militaries of the two countries in HADR operations....

IAF to spend over Rs 2 lakh crore on procurements

Line Spacing+- AFont Size+- Print This Article

The fifth generation fighter aircraft prototype. The FGFA deal with Russia is expected to cross the Rs one lakh crore mark.

NEW DELHI (PTI): The Indian Air Force (IAF) is planning to spend over Rs two lakh crore in the next 10 years on modernisation including procurement of fighter jets such as the 126 medium multi-role combat aircraft (MMRCA).

"We are on path of modernising our assets. In the last five year plan, IAF procurements were around Rs 1.5 lakh crore and over next two Plan periods, we envisage to procure assets worth more than Rs two lakh crore," IAF Deputy Chief Air Marshal R K Sharma said on Thursday.

He was addressing a seminar on 'Energising Aerospace Industry in India' in New Delhi.

The IAF is planning to sign a number of big ticket deals in the near future including the 126 MMRCA expected to be worth over Rs 50,000 crore, the fifth generation fighter aircraft (FGFA) deal with Russia which is expected to cross the Rs one lakh crore mark and a number of other projects above the range of Rs 5,000 crore.

Addressing the gathering, the IAF Deputy Chief said there was "huge potential" for the private sector to work in the defence sector but it should be done by "adopting best ethical practices".

"You must adopt best ethical practices and be extremely sensitive to IAF's concerns about the security of information," he said.

He said the DRDO and Defence Public Sector Undertakings (DPSUs) must not see the private sector as a competitor but as a partner in developing an indigenous defence industry in the country.

Tags:

Line Spacing+- AFont Size+- Print Article

Other Related News

Uzbekistan ink pacts on cooperation in security ties

India and Uzbekistan have inked three pacts on cooperation in security ties after a meeting between the defence ministers of the two countries, the Indian defence ministry has said.

Upcoming Defence Exhibitions

BRAHMOS Missile Systems

Headlines

Brahmand World Defence Update 2019

Image Gallery