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June 22, 2020

India plans to buy 33 fighter jets from Russia

India is planning to purchase 33 fighter jets from Russia amid ongoing border tensions with China.

India is planning to purchase 33 fighter jets from Russia amid ongoing border tensions with China.

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Latest Updates on the Ukraine/Russia Crisis

Whilst at its core a humanitarian crisis, the Russian invasion of Ukraine risks adding materially to existing global economic and supply challenges. We are likely heading into a period in which geopolitics will become a regular part of boardroom discussions. Recent developments have seen Russian companies make significant progress around the world to supply countries with equipment in various Aerospace, Defense & Security sectors. This means that countries dependent on Russian arms for their security calculations should review all purchases and clauses regarding their programs and payments. Download GlobalData’s 5th Ukraine Conflict Executive Briefing to learn more. This report is part of a continued series that is renewed monthly with the latest data and analysis, as the conflict develops and has wider implications across sectors. Access the latest macro-economic forecasts, charts with the latest data, and our updated sanctions tracker, as well as our updated sector scorecards to reflect the current views on the impact of the crisis at a company level.
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Under the proposed government-to-government deal, Russia will supply 21 MiG 29 fighter jets and 12 Sukhoi Su-30 MKI aircraft to Indian Air Force (IAF). The deal is estimated to cost Rs60bn ($787.6m), reported ANI.

The proposal has been forwarded to the Indian Ministry of Defence for final approval.

According to a WION news report, Russia will assess the feasibility of delivering the jets in the shortest possible timeframe.

Currently, Russia is also working with the IAF to support the modernisation of MiG 29 fighters. The upgrades will improve the combat capabilities of MiG-29 fighters, as well as enable the aircraft to integrate new weapons and technologies.

The modernisation is expected to increase the service life of MiG 29 fighters by up to 40 years.

On the other hand, the Sukhoi Su-30 MKI aircraft is the only fighter in IAF arsenal that can fire BrahMos supersonic missiles.

Once the latest contract is finalised, the 12 Su-30MKI fighters are expected to be built by Hindustan Aeronautics (HAL) in India. The Mig 29 fighters will be produced in Russia.

Recently, the IAF has ramped up efforts to bolster its strength and capabilities. Last month, it operationalised its second squadron of the Tejas light combat aircraft (LCA) at Sulur airbase in Tamil Nadu.

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Latest Updates on the Ukraine/Russia Crisis

Whilst at its core a humanitarian crisis, the Russian invasion of Ukraine risks adding materially to existing global economic and supply challenges. We are likely heading into a period in which geopolitics will become a regular part of boardroom discussions. Recent developments have seen Russian companies make significant progress around the world to supply countries with equipment in various Aerospace, Defense & Security sectors. This means that countries dependent on Russian arms for their security calculations should review all purchases and clauses regarding their programs and payments. Download GlobalData’s 5th Ukraine Conflict Executive Briefing to learn more. This report is part of a continued series that is renewed monthly with the latest data and analysis, as the conflict develops and has wider implications across sectors. Access the latest macro-economic forecasts, charts with the latest data, and our updated sanctions tracker, as well as our updated sector scorecards to reflect the current views on the impact of the crisis at a company level.
by GD50 ADS
Enter your details here to receive your free Report.

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