India is likely to finalise the INR 40,000 crore contract for 83 Light Combat Aircraft (LCA) Tejas jets, 20% cheaper from previously quoted price, next February at DefExpo-2020 event in Lucknow city, Uttar Pradesh state.
In November 2016, Defense Acquisition Council (DAC), India’s highest decision-making body on procurement, approved purchase of Tejas Mark-1A fighters by the IAF at a cost of Rs 50,025 crore. Read More…
