India’s First Trio (Public-Private-Foreign) Business Deal is a Reality Now!
The world is set to witness one of the world’s biggest fighter jet deals in play at the moment as the global aerospace maker, Boeing has come to an agreement with India’s state-owned Hindustan Aeronautics Limited (HAL) and private sector Mahindra Defence Systems to locally manufacture the combat jet F/A-18E/F Super Hornet as reported by U.S. company said on Thursday.
India had last week issued a request for information for 110 combat jets for the air force, giving a push to the first step towards the long-delayed deal that could be worth more than $ 12-15 billion.
HAL-Boeing-Mahindra Partnership Highlights
1. The deal will come into force under the Make India Program Initiative supported by the Prime Minister of India for reinforcing state-of-the-art production facility in t...