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With up to 400 aircraft purchase on cards, IAF to spend $ 40 billion in 12th plan - Indian Express
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.
The Indian Air Force which is on the verge of re-
inventing itself into a multi-spectrum strategic
force will be spending around $40 billion to
procure 350-400 new aircraft during the 12th
five-year-plan.
The IAF had signed as many as 325 capital
contracts worth $28.5 billon in the 11th plan.
Interestingly enough, $15.5 billion of this amount
benefited Indian defence companies and signing
of as many as 417 contracts with world majors
to fulfill the offset clauses.
The most vital capability enhancement is perhaps
the IAF's modernisation of its fighter fleet, which
has caused some concern in recent years due to
the shrinking number of combat squadrons.
The air chief NAK Browne while stressing that the
defence aerospace sector can be lucrative for the
private industry, invited the industry to assume a
greater role in the defence production, especially
in the aerospace sector.
"To propel the IAF forward, we have to stop
importing and do more indigenous development
and production of equipment and aircraft and we
need the Indian industry's support for this," he
said.
He said there had been a 'focus shift' in the Indian
defence thinking and the force wanted to provide
a level playing field for both public and private
industries in defence aerospace space.
''Most of the players in the defence manufacturing
sector are in the tier-II and tier-III stages of
production capacities and at least some of them
have to graduate to tier I stage to take up
manufacturing of high end defence products,'' he said.
++
.
The Indian Air Force which is on the verge of re-
inventing itself into a multi-spectrum strategic
force will be spending around $40 billion to
procure 350-400 new aircraft during the 12th
five-year-plan.
The IAF had signed as many as 325 capital
contracts worth $28.5 billon in the 11th plan.
Interestingly enough, $15.5 billion of this amount
benefited Indian defence companies and signing
of as many as 417 contracts with world majors
to fulfill the offset clauses.
The most vital capability enhancement is perhaps
the IAF's modernisation of its fighter fleet, which
has caused some concern in recent years due to
the shrinking number of combat squadrons.
The air chief NAK Browne while stressing that the
defence aerospace sector can be lucrative for the
private industry, invited the industry to assume a
greater role in the defence production, especially
in the aerospace sector.
"To propel the IAF forward, we have to stop
importing and do more indigenous development
and production of equipment and aircraft and we
need the Indian industry's support for this," he
said.
He said there had been a 'focus shift' in the Indian
defence thinking and the force wanted to provide
a level playing field for both public and private
industries in defence aerospace space.
''Most of the players in the defence manufacturing
sector are in the tier-II and tier-III stages of
production capacities and at least some of them
have to graduate to tier I stage to take up
manufacturing of high end defence products,'' he said.
