Deal to see Indian defense spending soar

By Siddharth Srivastava

NEW DELHI – In the past few years, India has emerged as one of the world’s biggest importers of military armament. And the South Asian country is just gathering steam.

Indian defense officials, who generally prefer not to be identified, have said that the Indian Air Force (IAF) should float within two months a long-delayed global tender for 126 multi-role combat jets in a deal believed to be worth close to US$10 billion.

“There are certain procedural issues that need to be resolved before we float a request for proposal [RFP] for the aircraft,” said an official. “This should happen in a month or two.”

There are also indications that the Defense Ministry could fast-track the process by issuing an RFQ (request for quotation) instead of an RFP for the fighter-jet contract. (full text).

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