India’s Cabinet Committee on Security (CCS) is to hold talks over the country’s largest defence deal with the US – inducting ten C-17 heavy-lift aircraft.
The proposed $4.1bn deal, under the US foreign military sale (FMS) programme, will be discussed in a meeting expected to be held very soon.
Go deeper with GlobalData
The talks will include offset proposals of 30% of the total value of the deal and establishing defence facilities in the country.
The Indian Defence Ministry has already approved funds in this fiscal year for procuring the aircraft.
The Indian Air Force is planning to place additional orders for six aircraft after finalising the initial deal for ten aircraft, according to the Press Trust of India.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
