IAF Proposes ₹2 Lakh Crore Rafale Jet Deal
India’s defence capabilities are set for a significant upgrade with the Indian Air Force (IAF) proposing the acquisition of 114 Rafale fighter jets under a ₹2 lakh crore ‘Made in India’ plan. If approved, this would be among the largest defence procurement deals in Indian history, aimed at expanding IAF’s air superiority while boosting indigenous manufacturing.
This move aligns with the government’s push for Atmanirbhar Bharat (self-reliant India) in defence, with over 60% of the jet’s components to be manufactured domestically in partnership with Dassault Aviation and Indian firms such as Tata Group.
The IAF has already submitted a Statement of Case, which is now under review by various departments within the Ministry of Defence, including Defence Finance.
A standout feature of the deal is its focus on local production,
This deal would generate high-skilled jobs, enhance defence R&D, and build long-term manufacturing capabilities in aerospace.
Following good monsoon rains, migratory birds like storks, pelicans, painted storks, and bar-headed geese have…
With rising crime complexity and new legal mandates requiring forensic evidence, India is strengthening its…
Fiscal Policy is one of the most influential pillars of India’s economic strategy. It determines…
The Earth has many amazing and unusual places, and some of them experience temperatures that…
In a striking reflection of a shifting global wealth landscape, the UBS Billionaire Ambitions Report…
In a landmark moment for cricket, Sunil Narine has become the first player in the…