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Israel's Rafael Advanced Defense Systems and the Indian Reliance Defence company have signed today at Defexpo 2016 a joint venture (JV) that will provide the local content of major defense programs Rafael is involved with, estimated to be worth billions of dollars.
MOD firmly supports HAL's position as India's military aircraft manufacturer, despite increasing pressure mounted to expedite Rafale (MMRCA) fighter planes
In an effort to expand its domestic supplier base, India’s Ministry of Defense is planning to open the tender for medium transport aircraft beyond the government owned HAL. Last week India's Defense Acquisition Council (DAC) approved US$2.6 billion (12,000 crore) for a global tender for 56 transport aircraft for the Indian Air Force, replacing the obsolete fleet of HS748M Avro planes.