Paan Singh
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BANGALORE--Hindustan Aeronautics Ltd. has begun "advanced preparations" to build a facility to assemble Dassault Aviation S.A.'s AM.FR +1.23% Rafale fighter jets in India, the state-run company's chairman said Wednesday.
India is in the final stage of discussions with the French company ahead of signing a potential agreement to purchase 126 Rafale jets for its air force at an estimated cost of more than $10 billion. The agreement will have an option for India to order an additional 89 jets.
According to the tender, the first 18 planes will have be supplied in a ready-to-fly condition, while the remaining jets must be produced in India in collaboration with a local company. HAL is the only Indian company that manufactures fighter jets.
HAL has identified land in Bangalore for the assembly facility, Chairman R.K. Tyagi told The Wall Street Journal on the sidelines of the Aero India show in Bangalore.
Aero India--India's largest aerospace, defense and civil-aviation show--opened Wednesday and will run through Sunday.
wsj..
India is in the final stage of discussions with the French company ahead of signing a potential agreement to purchase 126 Rafale jets for its air force at an estimated cost of more than $10 billion. The agreement will have an option for India to order an additional 89 jets.
According to the tender, the first 18 planes will have be supplied in a ready-to-fly condition, while the remaining jets must be produced in India in collaboration with a local company. HAL is the only Indian company that manufactures fighter jets.
HAL has identified land in Bangalore for the assembly facility, Chairman R.K. Tyagi told The Wall Street Journal on the sidelines of the Aero India show in Bangalore.
Aero India--India's largest aerospace, defense and civil-aviation show--opened Wednesday and will run through Sunday.
wsj..