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After scrapping an order with Dassault Aviation for 126 Rafale jets worth $11 billion in 2015 -- a process that took nearly a decade -- Modi’s administration bought 36 jets separately.(AP Photo)

India begins process to buy 114 fighter planes at 15bn USD in world’s largest deal

By Bloomberg
UPDATED ON MAY 28, 2020 10:33 AM IST
The deal -- valued at more than $15 billion -- has attracted initial offers from global defence majors, including Boeing Co., Lockheed Martin Corp. and Sweden’s Saab AB.
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Prime Minister Narendra Modi and Sweden's Prime Minister Stefan Lofve walk from Sagerska House to the government building Rosenbad in Stockholm, Sweden,on Tuesday.(Reuters photo)
Prime Minister Narendra Modi and Sweden's Prime Minister Stefan Lofve walk from Sagerska House to the government building Rosenbad in Stockholm, Sweden,on Tuesday.(Reuters photo)

Sweden, India work on security accord that may open jet deal

By Amanda Billner | Bloomberg
UPDATED ON APR 17, 2018 07:25 PM IST
India and Sweden also agreed to set up a common task force on cyber security and from an innovation partnership.
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Indian Air Force fighter planes, Boeing’s B-29, flying alongside F-16 and F-15 of USAF during Red Flag exercise in Naveda, US.(PTI Photo)
Indian Air Force fighter planes, Boeing’s B-29, flying alongside F-16 and F-15 of USAF during Red Flag exercise in Naveda, US.(PTI Photo)

Airbus, Lockheed gear up to tap into India’s $620 billion defense market

By Anurag Kotoky and N. C. Bipindra | Bloomberg
UPDATED ON APR 12, 2018 12:31 PM IST
At the heart of the defense makers’ plans for India is the country’s insistence on local manufacturing, which mandates that at least 30% of parts in imported defense products are made within the country
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