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Today the defence ministry has offered to buy at least 200 fighter jets from foreign companies, but only if they are manufactured in India with a local partner, sources said. The Union Defence Ministry asked several companies if they are willing to set up a manufacturing assembly line in India, according to the report. Experts said that the potential deal which could be as many as 300 aircraft would worth between $13 billion (approx INR 86,845 Crores) to $15 billion (approx INR 1 lakh Crores) making one of the biggest military aircraft deals in the country's history.
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Indian Air Force (IAF) on March 18 has put up its greatest ever show of air power at Pokhran firing range in Rajasthan. The event was witnessed by the President Pranab Mukherjee, Prime Minister Narendra Modi, cabinet ministers and political leaders, and the entire military brass. And attaches of various countries are present at the event. The attaches of China and Pakistan were not invited. Event was earlier called 'Vayu Shakti' which was changed to 'Iron-Fist' when held in 2013. The exercise logo shows an Iron Fist with a long arm to depict the long reach of the IAF. The Himalayan eagle perched on top with wings spread wide portrays IAF’s readiness for flight.