India approves $40 billion defence procurement package
after close1 source ↓written by the desknot a recommendation
- in long-term defence
- $40 billion
- fighter jets
- 114 Dassault Rafale
- made
- 12 Feb
India's Defence Acquisition Council approved $40 billion in long-term defence procurements, including 114 Dassault Rafale fighter jets and six Boeing P-8I maritime patrol aircraft. This decision, made on 12 Feb, marks a significant boost to the Indian Air Force's capabilities and supports local manufacturing initiatives. 💼
The procurement is expected to enhance air dominance roles and stimulate growth in the defence sector, impacting related industries.
Not investment advice. For informational purposes only.