India's move to buy only 36 Dassault Rafale combat jets has signalled New Delhi's decision to scale back purchases of high-end fighters from France.
And foreign combat jet makers now see a multi-billion dollar opportunity in India's move to slash purchases of high-end aircraft, as it could free up cash for any future purchase of fighter jets, including mid-range planes.
Sweden's Saab and America's Lockheed Martin are set to re-pitch their Gripen and F-16 fighters as the kind of lighter, single-engine aircraft that Defence Minister Manohar Parrikar has said the Indian Air Force needed to rebuild its fleet, Reuters reported.
Saab was proposing to establish "fully-fledged production" of the Gripen in India alongside a local partner.
17/04/15 M Rochan/International Business Times
And foreign combat jet makers now see a multi-billion dollar opportunity in India's move to slash purchases of high-end aircraft, as it could free up cash for any future purchase of fighter jets, including mid-range planes.
Sweden's Saab and America's Lockheed Martin are set to re-pitch their Gripen and F-16 fighters as the kind of lighter, single-engine aircraft that Defence Minister Manohar Parrikar has said the Indian Air Force needed to rebuild its fleet, Reuters reported.
Saab was proposing to establish "fully-fledged production" of the Gripen in India alongside a local partner.
17/04/15 M Rochan/International Business Times
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