However, the company made it clear the proposal is "conditional" to IAF choosing the world's largest-sold fighter aircraft for its fleet.
"The offer we have given to the Indian government is unmatched and from our side unprecedented," Randall L Howard, F16 Business Development head at Lockheed Martin, said here.
Interacting with mediapersons here, Howard said the company wants to make F 16-Block 70 "for India, from India and export to the world".
Asked if the offer to move the production line from Fort Worth to India is conditional to IAF picking up the aircraft for its fleet, Abhay Paranjape, National Executive, India said, "Yes".
He said it is conditional to assured orders from the Indian Air Force which is looking to acquire new aircraft to beef up its depleting strength.
Defence Minister Manohar Parrikar has said India will choose at least one more aircraft, besides the indigenous Tejas, for the IAF through the 'Make in India' route.
All the companies have offered to set up a production facility here.
"But we are offering not only moving the lone production line to India but also meeting the global requirement through the same unit here," Howard said, adding it is a "win-win situation".
Arguing the F 16-Block 70 will be the best fighter aircraft in the Indian region, he said, "It is critical for you to pick up a partner who will deliver on his promise".
He added Lockheed believes the production in India will also bring down the cost of the aircraft which in turn will increase its global demand.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
