India’s Defence Acquisition Council (DAC) has approved a proposal to buy 21 MIG-29 fighters along with upgradation of existing 59 MiG-29 aircraft and procurement of 12 Su-30 MKI jets from Russia.
While the MIG 29 procurement and upgradation from Russia is estimated to cost INR74.18 Bn, the Su-30 MKI will be procured from state-owned Hindustan Aeronautics Ltd. (HAL) at an estimated cost of INR107.30 Bn, a Defence Ministry official informs.
“In the current situation and the need to strengthen the Armed Forces for the Defence of our borders and in line with Prime Minister’s clarion call for `Self-Reliant India’, the Defence Acquisition Council in its meeting of July 2, 2020, held under the Chairmanship of Defence Minister Rajnath Singh accorded approval for capital acquisitions of various platforms and equipment required by the Indian Armed Forces,” he says.
‘The proposals for an approximate cost of INR389 Bn were approved. With a focus on indigenous design and development, these approvals include acquisitions from Indian Industry of INR311.30 Bn. All equipment are to be manufactured in India involving the Defence Industry with the participation of several MSMEs as prime-tier vendors. The Indigenous content in some of these projects is up to 80% of the project cost.
A large number of these projects have been made possible due to Transfer of Technology by DRDO to the Indigenous Industry. These include Pinaka ammunitions, BMP armament upgrades and Software Defined Radios for the Army, Long Range Land Attack Cruise Missile Systems and Astra Missiles for Navy and Air Force. The cost of these Design and Development proposals is in the range of INR204.00 Bn,” the official adds.
Acquisition of new and additional missile systems will add to the firepower of three armed services. While the acquisition of Pinaka missile systems will enable raising additional regiments over and above the ones already inducted, the addition of Long-Range Land Attack Missile Systems having a firing range of 1000 Km to the existing arsenal will bolster the attack capabilities of the Navy and the Air Force.
The induction of Astra Missiles having Beyond Visual Range capability will serve as a force multiplier and immensely add to the strike capability of Navy and Air Force.
With more than 25 years of experience in defence publishing, Global Business Press and its industry leading titles Asian Defence Technology, Asian Airlines & Aerospace and Daily News are the leading defence publications in the region, present at more international shows and exhibitions than any other competing publication in the region.