Wednesday 17 July 2019, 05:51 AM
India clears $2.4 bn plan to buy cargo planes for IAF
By IANS | Bharat Defence Kavach | Publish Date: 7/24/2012 12:00:00 AM
India clears $2.4 bn plan to buy cargo planes for IAF

New Delhi :  India's defence ministry Monday gave its nod for an Indian Air Force (IAF) plan to buy 56 transport planes worth $2.4 billion to augment its cargo fleet, apart from tweaking its defence procurement offsets policy and creating a new agency to execute the same.


The Defence Acquisition Council (DAC), headed by Defence Minister A.K. Antony, met here to clear the proposals, ministry sources said here.

The 56 transport planes are required by the IAF in place of its ageing Avro planes fleet and the defence ministry will issue a global tender for procuring the same,they said, adding that only the first 16 planes under the deal will be directly procured from the vendor.

The deal winner will have to tie-up with an Indian private or a public sector firm to acquire components for manufacturing the rest 40 planes.

The DAC also cleared the creation of the Defence Offsets Management Agency (DOMA) in place of the existing Defence Offsets Facilitation Agency (DOFA). The new agency will now be under the defence production department, they said.

Among the new offsets policy guidelines approved included transfer of technology and critical technologies as eligible defence offsets, a policy under which any foreign firm winning an Indian defence contract worth over $60 million will have to plough back a minimum of 30 percent of the deal back in Indian defence, aerospace and homeland security industries and training.

Tags:

India clears $2.4 bn plan to buy cargo planes for IAF

DEFENCE MONITOR

भारत डिफेंस कवच की नई हिन्दी पत्रिका ‘डिफेंस मॉनिटर’ का ताजा अंक ऊपर दर्शाया गया है। इसके पहले दस पन्ने आप मुफ्त देख सकते हैं। पूरी पत्रिका पढ़ने के लिए कुछ राशि का भुगतान करना होता है। पुराने अंक आप पूरी तरह फ्री पढ़ सकते हैं। पत्रिका के अंकों पर क्लिक करें और देखें। -संपादक

Contact Us: 011-66051627

E-mail: bdkavach@gmail.com

SIGN UP FOR OUR NEWSLETTER
NEWS & SPECIAL INSIDE !
Copyright 2018 Bharat Defence Kavach. All Rights Resevered.
Designed by : 4C Plus