India will spend $100bn to replace the air force’s ageing fleet of combat and transport aircraft and helicopters over the next 12 years, according to India Strategic defence magazine study.
The $100bn funding for the air force will be part of the total $200bn that India will spend as part of its defence acquisitions by 2022, economictimes.indiatimes.com has reported.
Go deeper with GlobalData
The IAF has plans to acquire surveillance aircraft, with lesser capability, as well as Phalcon airborne warning and control system (AWAC).
The air force is also giving high priority to acquire pilotless intelligence aircraft (drones) generally called UAVs, including those armed.
India has plans to increase its combat squadrons from its current strength of 39.5 squadrons to 45 with nearly 900 aircraft.
The air force will also use the fund to develop satellites and net centricity.
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
