Announcement

Collapse
No announcement yet.

Cabinet nod for Rs 2,800 cr combat jets

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Cabinet nod for Rs 2,800 cr combat jets

    Friday, December 24, 2004

    expressindia
    Indian Express Group

    Cabinet nod for Rs 2,800 cr combat jets

    Express News Service & Agencies
    Posted online: Friday, December 24, 2004 at 1813 hours IST
    Updated: Friday, December 24, 2004 at 2032 hours IST

    New Delhi, December 24: The Cabinet Committee on Security has approved
    the revised cost estimate of Rs 2800 crore for the development of
    indigenous Kaveri engine for the LCA (Tejas) project. Already, the
    Defence Research Development Organisation has spent Rs 1300 crore on
    the prestigious project.

    This was stated by Defence Minister Pranab Mukherjee after the CCS
    meeting chaired by Prime Minister Manmohan Singh.

    The CCS "approved the revised cost estimate of Kaveri engine" which
    has been placed at Rs 2,800 crore, Mukherjee said adding that Rs
    1,300 crore had already been spent earlier on the indigenous project.

    Two prototypes of LCA being developed by Hindustan Aeronautics Limited
    (HAL), Bangalore, have been test flown including at supersonic speeds.

    LCA, a versatile, light weight and multi-role combat aircraft, is
    expected to be ready for induction in the Air force in another three
    years time.

    Mukherjee said the CCS also approved a defence cooperation agreement
    with Armenia which had been reached by the previous NDA regime in
    May last year.
Working...
X