Process to buy fighter jets for IAF starts; deal dubbed one of the world's biggest
Leading military aircraft producers Lockheed Martin, Boeing, Saab and Dassault are among the competitors which are likely to vie for the mega deal. The IAF has been pressing for expediting the process to acquire the aircraft citing declining strength of its fighter squadron as some of the ageing jets are being phased out. It is the first mega procurement initiative for fighter jets after the government scrapped the process to acquire 126 Medium Multi-Role Combat Aircraft (MMRCA) for the Indian Air Force around five years ago.
India today kick started the process to acquire a fleet of around 110 fighter jets which could be one of the world's biggest military procurement in recent years. Image source: Reuters