Rs. 6,600 Crore Defense Deal Cleared By Union Cabinet

Led by Prime Minister Manmohan Singh, the Cabinet Committee on Security (CCS), approved and cleared the Rs 6,600-crore acquisition plan of 490 French advanced missile systems to arm the Mirage-2000 fighter jets of Indian Air Force.

On Wednesday the cabinet approved the contract for the fire-and-forget MICA – which is  an interception and aerial combat missile – with French armament MBDA.

In  another defense deal over Rs 3,000 crore, which is is likely to be approved next week,  India will acquire 75 Swiss turbo-prop aircraft to train IAF rookie pilots.

Reports are suggested that India is planning the biggest-ever defense project at around $ 35 billion in which India will develop 250-300 stealth fifth-generation fighter aircraft (FGFA) in corporation with Russia.

• About the Author

About Sprightly Spirit

“I dare do all that may become a man. Who dares more is none”. And all, may be. It may be the vigor. Or the spirit. Or the courage to avoid being “politically correct” or bent. And, ban all averse with immaculate overture of graciously fathomable words firm in views. Subtle. Justifying the undying conscience. Values. Knowledge. And, dares to stay true. True to own. True to the world. And, to the words. With a dream in eyes it exists. In you. In me. In all. The sprite that never shies away. The spirit that never dies!