Monday, June 23, 2014

Will MMRCA be signed at Farnborough Air Show?

Neelam Mathews
June 23, 2014

Looks like it's good news all the way.
Either ways, whether the MMRCA is signed or not at Farnborough Air Show, it is pretty clear, things are moving at a fast pace in the corridors of power.
Clearing the MMRCA deal fast is being viewed as a way to showcase India and the fact the new government is open to business, AerospaceDiary learns. The question is, one hears whether the announcement should be made in the country or at a global forum Two main issues still need to be cleared, we learn.
And while not all defense contracts can be signed this year- given the empty state of coffers, some like the MMRT might see the light of day. The ill-fated 197 LUH could be rebid.
Those sceptical of India and defense exports might be in for a surprise once the 49% and 74% FDI for transfer of production comes in.
Hopefully, 'on a case to case basis ' won't follow the route the Congress Govt swore by!
So here's to hope and good days ahead.

1 comment:

  1. So Farnborough is going to make 'big news' next month . Probably overshadow much else at the Show