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English Release 26-July 2014
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Ministry of Defence04-December, 2012 16:53 IST
Spending on Procurement

IAF proposes to spend on Capital procurements during the Twelfth Five Year Plan (2012-2017) which includes new inductions like Su-30MKI, Light Combat Aircraft (LCA), Medium Multi-Role Combat Aircraft (MMRCA), Very Heavy Transport Aircraft (VHETAC), Attack Helicopters, Heavy Lift Helicopters (HLH), Medium Lift Helicopters (MLH) and different missile systems among others.

Funds are allocated specifically for each Financial Year and not for the entire Plan period. The funds demanded by the IAF for the Financial Year 2012-13 was Rs.36,950/- Crore and against this the amount allocated was Rs.30,514.45 Crore.

The proposal for procurement of 126 Medium Multi- Role Combat Aircrafts (MMRCA) is presently at contract negotiation stagewith M/s Dassault Aviation, France, who emerged as L1 vendor.

This information was given by Defence Minister Shri AK Antony in a written reply to Shri Kishnbhai V. Pateland Shri PradeepMajhiin Lok Sabha today.

HS/HH/NN  
(Release ID :89880)

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