Indian C-17 buy ready for approval

The purchase of ten C-17 Globemaster III aircraft for the Indian Air Force (IAF) is ready to be approved by the Cabinet Committee on Security (CCS).

The purchase of ten C-17 Globemaster III aircraft for the Indian Air Force (IAF) is ready to be approved by the Cabinet Committee on Security (CCS).

The Contract Negotiation Committee of the Ministry of Defense has finished thrashing out all the outstanding issues related to the purchase, including approvals for the proposals to satisfy the 30 per cent offsets requirement under the Defense Procurement Procedure (DPP) of 2008.

The Finance Ministry has also approved the purchase, expected to be worth USD 4.1 billion.

While it is not clear exactly when the CCS will discuss the acquisition for approval, it is understood that the defense budget for the Financial Year 2010-11, which expires at the end of this month, provides for capital expenditure on the aircraft, manufactured in Long Beach in the US by Boeing.

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Saurabh Joshi
Follow Saurabh Joshi on Twitter @ http://www.twitter.com/saurabhjoshi Saurabh is a journalist based in New Delhi, India who has worked in print, television as well as internet news media. Besides defense and strategy, his past assignments have ranged from reporting terror strikes to elections. He has studied journalism and law at the University of Delhi.
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