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IAF to Acquire 56 Aircraft from Global Vendors, Private Sector Preferred Over Hal

The Defence Acquisition Council (DAC) has taken a bold decision on Monday which tilts in the favour of the private sector players in the Defence sector. The DAC has decided to issue a global tender worth roughly $ 2.4 billion for 56 aircraft which will replace the ageing fleet Of Avro aircraft with the IAF. The decision will enable foreign vendors to enter into a tie-up with a private or public sector company in India. The current decision by DAC has definitely sidelined traditional PSU’s like Hindustan Aeronautics Ltd (HAL) and is seen as a bold move. As for the international vendor who wins the tender, it will be working with a private sector Indian firm company, thereby ruling out state-run HAL as a contender. Read More...

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