AIRLINK 71.77 Increased By ▲ 2.57 (3.71%)
BOP 5.02 Increased By ▲ 0.12 (2.45%)
CNERGY 4.32 Increased By ▲ 0.06 (1.41%)
DFML 31.65 Increased By ▲ 0.40 (1.28%)
DGKC 80.70 Increased By ▲ 3.45 (4.47%)
FCCL 21.03 Increased By ▲ 1.03 (5.15%)
FFBL 35.15 Increased By ▲ 0.15 (0.43%)
FFL 9.30 Increased By ▲ 0.18 (1.97%)
GGL 9.85 Increased By ▲ 0.05 (0.51%)
HBL 112.25 Decreased By ▼ -0.51 (-0.45%)
HUBC 135.48 Increased By ▲ 2.44 (1.83%)
HUMNL 7.10 Increased By ▲ 0.15 (2.16%)
KEL 4.33 Increased By ▲ 0.10 (2.36%)
KOSM 4.45 Increased By ▲ 0.20 (4.71%)
MLCF 37.60 Increased By ▲ 1.00 (2.73%)
OGDC 137.00 Increased By ▲ 4.13 (3.11%)
PAEL 23.63 Increased By ▲ 0.99 (4.37%)
PIAA 24.52 Increased By ▲ 0.32 (1.32%)
PIBTL 6.59 Increased By ▲ 0.13 (2.01%)
PPL 122.25 Increased By ▲ 5.95 (5.12%)
PRL 26.50 Increased By ▲ 0.60 (2.32%)
PTC 13.30 Increased By ▲ 0.22 (1.68%)
SEARL 52.38 Increased By ▲ 0.38 (0.73%)
SNGP 70.50 Increased By ▲ 2.90 (4.29%)
SSGC 10.57 Increased By ▲ 0.03 (0.28%)
TELE 8.40 Increased By ▲ 0.12 (1.45%)
TPLP 11.08 Increased By ▲ 0.28 (2.59%)
TRG 60.19 Increased By ▲ 0.90 (1.52%)
UNITY 25.10 Decreased By ▼ -0.03 (-0.12%)
WTL 1.27 No Change ▼ 0.00 (0%)
BR100 7,519 Increased By 110.7 (1.49%)
BR30 24,671 Increased By 634.5 (2.64%)
KSE100 71,737 Increased By 1070.1 (1.51%)
KSE30 23,514 Increased By 289.9 (1.25%)

NEW DELHI: India’s defence ministry has approved the procurement of US-made armed MQ-9B SeaGuardian drones, sources told Reuters on Thursday.

India will buy 31 drones made by General Atomics worth slightly over $3 billion, one of the sources said. India’s defence ministry did not respond to a request for comment.

The defence ministry’s initial clearance for the procurement comes just days before Prime Minister Narendra Modi leaves for a state visit to the US next week.

According to the two sources, Indian defence ministry’s apex body for capital procurement met on Thursday to approve the deal, which is expected to be announced when Modi meets US President Joe Biden next week.

Biden has made deepening defence ties with India a priority to counter China’s growing dominance, and has offered to collaborate on military technology even though the two countries lack a formal security alliance.

The ministry’s “Acceptance of Necessity” is the first step in the procurement process, which now needs clearance from Modi’s cabinet.

The US government approved the sale of 30 drones to India more than two years ago, but the Indian defence ministry had been sitting on the decision.

Comments

Comments are closed.