You are here: Home » Economy & Policy » News
Business Standard

Top global firms to vie for multi-bn dollar Indian Navy, IAF deals in 2019

But with the country due to hold a general election by next May, the expectation is both processes could take time

Reuters  |  Singapore 

Boeing Co and Saab AB, which are among those vying for a contract to supply 57 fighter jets for the Indian Navy, expect it may take until 2019 for the tender process to enter the next phase, according to company executives. The naval contract, as well as a less-advanced plan to buy 100 fighter jets for the Indian Air Force, represent multi-billion dollar opportunities for manufacturers and for Indian Prime Minister Narendra Modi's "Make in India" drive to build a domestic production base. But with the country due to hold a general election by next May, the ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Fri, February 09 2018. 21:41 IST
RECOMMENDED FOR YOU