AIRLINK 72.59 Increased By ▲ 3.39 (4.9%)
BOP 4.99 Increased By ▲ 0.09 (1.84%)
CNERGY 4.29 Increased By ▲ 0.03 (0.7%)
DFML 31.71 Increased By ▲ 0.46 (1.47%)
DGKC 80.90 Increased By ▲ 3.65 (4.72%)
FCCL 21.42 Increased By ▲ 1.42 (7.1%)
FFBL 35.19 Increased By ▲ 0.19 (0.54%)
FFL 9.33 Increased By ▲ 0.21 (2.3%)
GGL 9.82 Increased By ▲ 0.02 (0.2%)
HBL 112.40 Decreased By ▼ -0.36 (-0.32%)
HUBC 136.50 Increased By ▲ 3.46 (2.6%)
HUMNL 7.14 Increased By ▲ 0.19 (2.73%)
KEL 4.35 Increased By ▲ 0.12 (2.84%)
KOSM 4.35 Increased By ▲ 0.10 (2.35%)
MLCF 37.67 Increased By ▲ 1.07 (2.92%)
OGDC 137.75 Increased By ▲ 4.88 (3.67%)
PAEL 23.41 Increased By ▲ 0.77 (3.4%)
PIAA 24.55 Increased By ▲ 0.35 (1.45%)
PIBTL 6.63 Increased By ▲ 0.17 (2.63%)
PPL 125.05 Increased By ▲ 8.75 (7.52%)
PRL 26.99 Increased By ▲ 1.09 (4.21%)
PTC 13.32 Increased By ▲ 0.24 (1.83%)
SEARL 52.70 Increased By ▲ 0.70 (1.35%)
SNGP 70.80 Increased By ▲ 3.20 (4.73%)
SSGC 10.54 No Change ▼ 0.00 (0%)
TELE 8.33 Increased By ▲ 0.05 (0.6%)
TPLP 10.95 Increased By ▲ 0.15 (1.39%)
TRG 60.60 Increased By ▲ 1.31 (2.21%)
UNITY 25.10 Decreased By ▼ -0.03 (-0.12%)
WTL 1.28 Increased By ▲ 0.01 (0.79%)
BR100 7,566 Increased By 157.7 (2.13%)
BR30 24,786 Increased By 749.4 (3.12%)
KSE100 71,902 Increased By 1235.2 (1.75%)
KSE30 23,595 Increased By 371 (1.6%)
World

India clears purchase of Russian combat jets worth $2.4bn

  • Tensions between India and China are at their highest in years following a clash last month in a disputed stretch of the border in the western Himalayas in which India lost 20 soldiers.
  • The green light for the Russian planes followed a visit to Moscow last month by Defence Minister Rajnath Singh where he urged his hosts to speed up deliveries, officials said.
Published July 2, 2020

NEW DELHI: India's government on Thursday approved the purchase of 33 Russian fighter jets and upgrades to another 59 planes, acting to beef up its air force at a time when the military is locked in a border stand-off with China.

The approval for 21 MiG-29 planes and a dozen Su-30 jets will together cost 181.48 billion rupees ($2.43 billion), the defence ministry said. The purchase, along with the upgrade of 59 other MiG-29s, was an attempt to address the "long felt need of the Air Force to increase its fighter squadrons."

Tensions between India and China are at their highest in years following a clash last month in a disputed stretch of the border in the western Himalayas in which India lost 20 soldiers.

The two countries, which fought a brief border war in 1962, have since the recent clash moved additional forces and military equipment into key sections of the 3,488-km Line of Actual Control - the ceasefire line separating the two forces.

The green light for the Russian planes followed a visit to Moscow last month by Defence Minister Rajnath Singh where he urged his hosts to speed up deliveries, officials said.

More than half of India's military hardware is still of Russian origin even though over the last decade India has turned to the United States and Israel for high-tech arms transfers.

The Defence Ministry also approved the purchase of air-to-air missiles developed indigenously that it said will add to the strike capability of the air force.

Comments

Comments are closed.