A squadron of four ships is on an extensive tour of ports in the Arabian Sea, Red Sea, Mediterranean Sea, Atlantic Ocean, North Sea and the Baltic Sea. The ships will also conduct major exercises with Russia, the UK and France.
A squadron of four ships is on an extensive tour of ports in the Arabian Sea, Red Sea, Mediterranean Sea, Atlantic Ocean, North Sea and the Baltic Sea. The ships will also conduct major exercises with Russia, the UK and France.
A cost escalation of 50 percent (INR 63,000 crore, in this case) or more, requires approval again from the Ministry of Finance, before the Defense Acquisitions Council (DAC) can proceed with it. With the cost of the tender for India safely ranging from INR 83,000 crore to 1,25,000 crore, the revision of the estimated expenditure on the MMRCA would require the approval of the finance ministry.