2011-06-07

India clears biggest deal with US

India is likely to opt for an additional six of the C-17s after the contract is signed for the first lot of 10 aircraft as the IAF is keen on increasing its heavy-lift capability

India clears biggest deal with US

The Government has approved its biggest defence deal with the US for 10 Boeing C-17 strategic heavy-lift planes for USD 4.1 billion, in a major step to augment the capability of its air force to swiftly move troops and equipment over long distances.


The clearance comes over six months after US President Barack Obama visited India and announced that the deal was through.


The US Congress had approved the sale of the fully loaded aircraft for USD 5.8 billion under the Foreign Military Sales government-to-government route last June. However, since India is yet to ink a key military pact with the US, the aircraft might come without some critical communication.

India is likely to opt for an additional six of the C-17s after the contract is signed for the first lot of 10 aircraft as the IAF is keen on increasing its heavy-lift capability, the officer added.

At present, the IAF has a dozen Soviet-era IL-76 'Gajraj' aircraft for heavy-lift roles and a medium-lift fleet of over 100 AN-32 aircraft, also of Soviet origin.

The US Air Force, to showcase the C-17s capabilities, had flown Obama's security paraphernalia, including armour-plated cars and helicopters, on the aircraft. It had also brought the aircraft for India-US Cope-India air exercise in 2009.

Boeing is also in contention for IAF's requirement for 22 attack helicopters and another 15 heavylift helicopters. Both tenders are expected to be finalised by India this fiscal before March 31, 2012.

Related opportunities
  • Tea And Coffee Chain
    Welcome to Something's Brewing, the ultimate destination for coffee enthusiasts..
    Locations looking for expansion Karnataka
    Establishment year 2020
    Franchising Launch Date 2023
    Investment size Rs. 50lakh - 1 Cr.
    Space required 1200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Womens Wear
    The Vasansi legacy spans seven generations in Jaipur's rich textile..
    Locations looking for expansion Rajasthan
    Establishment year 1956
    Franchising Launch Date 1956
    Investment size Rs. 30lakh - 50lakh
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Jaipur Rajasthan
  • Beauty & Wellness Training Institute
    ISAS was launched with a mission to elevate the culture..
    Locations looking for expansion Maharashtra
    Establishment year 2021
    Franchising Launch Date 2023
    Investment size Rs. 30lakh - 50lakh
    Space required 1400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Haveli Maharashtra
  • We Oaks Preschool are a preschool fostering holistic child development..
    Locations looking for expansion Maharashtra
    Establishment year 2009
    Franchising Launch Date 2023
    Investment size Rs. 10lakh - 20lakh
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater mumbai Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts

pincode
;
ads ads ads ads