India Clears $2.5b Military Chopper Deal

India Clears $2.5b Military Chopper Deal

India on Tuesday cleared a $2.5 billion deal to buy 37 military helicopters from aviation giant Boeing, on the eve of Prime Minister Narendra Modi’s visit to the United States, a government source said.
Modi’s government is in the middle of a multibillion-dollar upgrade of its Soviet-era military hardware, partly to keep up with neighboring rival Pakistan and big-spending China.
The Cabinet cleared the purchase of 22 Apache helicopters and 15 heavy-lifting Chinook choppers, a long-pending deal that was discussed during US Defense Secretary Chuck Hagel’s visit to India last August.
“The Cabinet committee on security has given the green signal for the helicopters. The deal is worth $2.5 billion,” the source told AFP.
Since his sweeping election victory last May, Modi’s government has approved a string of military projects that had stalled under the previous left-leaning congress government, in part over corruption scandals.
The Indian premier has also worked to shore up regional alliances since he came to power in India, which has a longstanding territorial dispute with China over a remote Himalayan region.
Modi wants to end India’s status as the world’s number one defense importer by manufacturing defense equipment locally.
His government has lifted the cap on foreign investment in the defense industry to 49% and pushed tie-ups between foreign and local companies.
The deal comes as Modi heads this week to New York, where he hopes to meet US President Barack Obama ahead of the United Nations General Assembly.
He also travels to Silicon Valley on the West Coast, seeking to promote his country as open for business to help revive the Indian economy.
The deal for the Apaches was “hybrid”, with one contract to be signed with Boeing for the helicopters and the other with the US government for its weapons and radars, according to the Press Trust of India news agency.


Short URL : https://goo.gl/71gwbA
  1. https://goo.gl/ZYKqTI
  • https://goo.gl/A132xN
  • https://goo.gl/bzcGDk
  • https://goo.gl/ymllOf
  • https://goo.gl/PKTesk

You can also read ...

US Rear Admiral Louis C. Tripoli
A top Chinese general attended the opening on Monday of a...
UN Yemen Envoy Arrives in Sanaa as Saudi-UAE Offensive Intensifies
The United Nations’ special envoy to war-ravaged Yemen has...
Merkel Backs Austria on Stronger EU Borders
German Chancellor Angela Merkel and her Austrian counterpart...
Kavanaugh’s Future Now Hangs in Balance
Brett Kavanaugh’s accuser now has a name, and the Republican...
North Korean leader Kim Jong-un (L) and South Korean President Moon Jae-in meet in April 2018.
South Korean President Moon Jae-in said Monday that he will...
Brazil Election Frontrunner Leaves Intensive Care
Brazil’s far-right presidential frontrunner Jair Bolsonaro was...
Relations between Cuba and the United States are in decline...