The Defense Acquisitions Council of the Ministry of Defense has accepted the necessity for procuring nine Medium Range Maritime Reconnaissance (MRMR) aircraft for the Indian Navy. The Acceptance of Necessity (AON) this week came after the evaluation of data provided by vendors in response to the Request for Information (RFI) issued almost exactly a year…
Tag: Defense Acquisitions Council
Rafale wins MMRCA: The Cost
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A cost escalation of 50 percent (INR 63,000 crore, in this case) or more, requires approval again from the Ministry of Finance, before the Defense Acquisitions Council (DAC) can proceed with it. With the cost of the tender for India safely ranging from INR 83,000 crore to 1,25,000 crore, the revision of the estimated expenditure on the MMRCA would require the approval of the finance ministry.
MMRCA quotes ready to be opened
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The commercial bids of the two surviving contenders in the Indian Air Force (IAF) tender for 126 Medium Multi Role Combat Aircraft (MMRCA) are ready to be opened, according to the defense ministry.
IAF’s MMRCA tender stuck in offset limbo
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The acquisition process for 126 Medium Multi Role Combat Aircraft by the Indian Air Force is facing delays due to uncertainties about offset policy and with vendors facing the prospect of having to redo their homework.
Foreign industry bodies ask MoD to ease defense trade terms
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Six major western industry associations have written to the Indian Ministry of Defense asking for measures to ease their prospects for commerce in defense equipment, including elimination of the ceiling on Foreign Direct Investment as well as capping financial penalties.
Army towed guns’ tender jinxed, junked
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The Indian Army has issued a Request For Information (RFI) for towed artillery guns, effectively canceling the previous process for procurement of these weapons systems, in which BAE Systems was fielding the FH77 B05 against Singapore Technologies (ST) Kinetics’ iFH 2000.
