The IAF chief, Air Chief Marshal Norman Anil Kumar Browne, said at a press conference here Monday that the new lot of C-130Js will operate in the northeast and go right up to the Car Nicobar air base in the Andaman and Nicobar Islands.
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.