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Monday, October 10, 2011

MoD approves offset proposals for India's 126 MMRCA deal

RafaleIndian Air Force (IAF) chief Air Chief Marshal Norman Anil Kumar Browne said that the winner of India's $10.4-billion tender for 126 combat aircraft is expected to be announced in November. India wants to close the deal before March 31, 2012.

The defence ministry on Friday approved the offset proposals for India’s biggest defence deal to buy 126 fighter planes at an estimate price of Rs 42,000 crore ($ 10.4 billion) paving the way for opening the commercial bids in ten days time.

The offset proposals from Dassault Aviation (Rafale) and the Eurofighter consortium (Typhoon) were presented before the DAC by director general acquisition Vivek Rae. Besides the Defence Minister, the two-hour meeting was attended by the three Service chiefs, the Defence Secretary, the Secretary, Defence Production, the DG (Acquisition) and concerned joint secretaries in the Ministry.

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