Lagatar24 Desk
New Delhi, June 12: The Indian Air Force is intending to acquire 114 fighter jets as part of PM Narendra Modi’s Aatmanirbhar Bharat scheme, of which 96 will be produced in India and the other 18 will be bought from the foreign vendor chosen for the project.
The Indian Air Force intends to buy 114 Multirole Fighter Aircraft (MRFA) under the ‘Buy Global, Make in India’ scheme, which allows Indian companies to work with global vendors.
“Recently, the Indian Air Force held meetings with the foreign vendors and asked them about the way they would carry out the Make in India project,” government sources told ANI.
According to the plan, once the initial 18 aircraft are imported, the next 36 aircraft will be constructed in the nation, with payments made in both foreign and Indian currencies, according to the sources.
According to the sources, the Indian partner would be responsible for the final 60 aircraft, and the government would only make payments in Indian currency.
The payment in Indian currency will aid the suppliers in achieving the project’s above 60% ‘Make-in-India’ content, according to the sources.
Boeing, Lockheed Martin, Saab, MiG, Irkut Corporation, and Dassault Aviation are among the global aircraft manufacturers likely to participate in the tender.
