On the LCA project
The LCA is going well. We said the Initial Operational Clearance (IOC) 2 will be completed by this year end. IOC 2 is progressing very well and in spite of bad weather a number of sorties have taken place. HAL team is working well along with the Air Force and a very well integrated operation is going on. We are very confident that IOC 2 will be completed on time. The Final Operational Clearance is slated for 2014-end. Meanwhile, production will start from this year onwards and we expect that the first aircraft will roll out in 2014. Right now, we have orders from the Indian Air Force for 40, in 20-plus-20 option. The naval version of LCA is also going on well, Prototype Version (PV) 1 and PV2 are getting integrated, and PV1 should be completed by this year end.
On the project's cost overrun
The cost of LCA is a small fraction of what an F-15 costs. We have developed one of the lowest costing aircraft. We are confident that the LCA will be able to compete very well in performance as well as on cost basis with equivalent aircraft. It will be comparable to Gripen aircraft. The day we start thinking about LCA, you cannot start putting cost on it.
So coming from the horses mouth it should silence a lot of naysayers repeatedly saying,
1. that LCA is inferior to anything that flies from MIG-21 upgraded to Grippen,
2.And MK-1 is just an underpowered tech demo(In reality Mk-1 has a much higher TWR and much lower wing loading than the Mirage-2000)
and many people who are hell bent upon saving IAF from tejas can rest assured,
that ADA is not saddling IAF(Half of whose fleet is filled with most of the crash prone fighters of the world),
with a dubious obsolete tech demo,
but a very reliable, safe, RSS-Fly by wire, low RCS fighter, comparable in aerodynamic design to the other best fighters of the 4.5th gen world
By replacing MIG-21s,23s ,27s, and Jags with a top of the line fighter like Tejas ,
IAF will have a much better pilots trained on top of the line 4.5th gen at their entry level ,
eliminating many risks to their lives by retiring the the dubious safety record Mig series.
which is an immeasurable plus for IAF.And it will also give the indian aeronautic industry the first export dollar earner as well.