3Photo© dnaindia.comAmid tariff dispute with Trump, India set to sign Rs 83000000000 deal with US on…, agreement to be finalised by…
A $1 billion agreement between India and the US company GE for the supply of 113 additional GE-404 engines for the Light Combat Aircraft Tejas is almost finalised. According to unnamed sources cited by news agency ANI, the negotiations are proceeding smoothly and the agreement is expected to be finalised by September. To fulfill its pledge for the Indian program, the US company is expected to send two engines every month from now on.
The agreement is the second since the tariff spat with the Trump administration began; the first being a Rs 62,000 crore agreement to purchase 97 more LCA Mark 1A fighter aircraft.
For the first 83 LCA Mark 1A fighter jets that the Indian Air Force ordered, the state-owned company Hindustan Aeronautics Limited has signed a contract with GE for 99 GE-404 engines. The new agreement is around 113 more.