India’s Ministry of Defence (MoD) has approved INR228 billion (USD3.18 billion) worth of procurements for the country’s three military services and the Indian Coast Guard (ICG).
The Defence Acquisition Council (DAC), which is headed by Defence Minister Rajnath Singh, gave the green light on 28 November to the import of an unspecified number of additional Boeing P-8I Neptune long-range, maritime multi-mission aircraft for the Indian Navy (IN).
Senior IN sources told Jane’s that, due to a “severe financial resource crunch”, the DAC cleared the acquisition of just six P-8Is for around USD1.8 billion, instead of the 10 planned earlier. These six P-8Is will supplement 12 similar platforms, eight of which were acquired by the IN in 2009 for USD2.1 billion and were delivered by 2015.
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