New Delhi, July 2: The Defence Minister Rajnath Singh-headed Defence Acquisition Council (DAC) on Thursday approved the proposal for procurement of 21 MIG-29 along with upgradation of existing 59 Mig-29 aircraft and procurement of 12 Sukhoi-30 MKI aircraft from Russia at a cost of Rs 38,900 crore .
The officials said 21 MiG-29 fighter jets are being bought from Russia while 12 Su-30 MKI aircraft will be procured from Hindustan Aeronautics Ltd. The ministry has also approved a separate proposal to upgrade existing 59 MiG-29 aircraft.
The MIG 29 procurement and upgradation from Russia is estimated to cost Rs 7,418 crore while the Sukhoi-30 MKI will be procured from Benguluru-based Hindustan Aeronautics Limited (HAL) at an estimated cost of Rs 10,730 crore, the Defence Ministry said in a statement here on Thursday.
“In the current situation and the need to strengthen the Armed Forces for the Defence of our borders and in line with Prime Minister’s clarion call for ‘Atma Nirbhar Bharat’, the Defence Acquisition Council in its meeting of July 2, held under the Chairmanship of Defence Minister Rajnath Singh accorded approval for capital acquisitions of various platforms and equipment required by the Indian Armed Forces,” the statement said.
‘The proposals for an approximate cost of Rs 38,900 crore were approved. A large number of these projects have been made possible due to Transfer of Technology by DRDO to the Indigenous Industry.
The ministry has also approved a separate proposal to upgrade existing 59 MiG-29 aircraft while purchasing 21 MiG-29 fighter jets, 12 Su-30 MKI aircraft from Russia.
The decisions come in the backdrop of the ongoing crisis with China at the Line of Actual Control (LAC) in Eastern Ladakh.