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OPINION | How in a single stroke Modi rubbished Rahul’s charge of ‘winding up’ HAL
The Cabinet Committee on Security on Wednesday approved the acquisition of 83 indigenously manufactured fourth-generation Tejas jet fighters from Hindustan Aeronautics Ltd for the Indian Air Force. This is the biggest ever indigenous military deal worth Rs 46,898 crore. Delivery of the single-engine Tejas Mark 1-A fighter jets will begin in three years.
This will give a big boost to the indigenous military production sector with HAL working with nearly 500 other companies to meet the order. It will also boost the number of fighter squadrons in the Indian Air Force. The deal also includes delivery of 10 Tejas trainer aircraft to the IAF.
Read more about Hindustan Aeronautics Ltd Spurts 11.1%, S&P BSE Capital Goods index Gains 1.1% on Business Standard. Hindustan Aeronautics Ltd has added 17.43% over last one month compared to 9.04% gain in S&P BSE Capital Goods index and 6.81% rise in the SENSEX
Read more about Hindustan Aeronautics soars 14% on $6 billion government defence deal on Business Standard. The government said it would buy 83 fighter aircraft from the company for over $6 billion in the biggest defence deal for a homegrown company
Indian shares closed slightly higher on Thursday after mostly trading sideways, helped by gains in energy stocks, while investors waited for details of a major U.S. stimulus package due later in the day.
Goal is to win future conflicts with home-made weapon systems
India
Published: Thursday, January 14, 2021, 13:02 [IST]
New Delhi, Jan 14: Our ultimate objective is to win future conflicts with home made solutions, Chief of Defence Staff (CDS), General Bipin Rawat said. The comments came after the Narendra Modi led government approved the procurement of 83 Light Combat Aircraft (LCA) Tejas fighter jets for the Indian Air Force.
The CDS said that it is a boost for the Centre s Make in India initiative and the ultimate objective would be to reach a stage where the country can win conflicts with home made weapon systems.