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India’s MRCA To Be Known By Month End

India’s choice of the Medium-Multirole Combat Aircraft (MMCA) under its
largest-ever military fighter deal for procuring 126 such planes at an
estimated USD 11 billion is expected to be known by the “end of this
month”.”We are looking to start the commercial negotiations by the end
of this month,” Air Chief Marshal P V Naik said at an event at Indian
Women Press Corps(IWPC) today. Under the Defence Procurement procedure
(DPP), the Ministry holds commercial negotiations with the company
offering the lowest price for the product on offer and meeting the
service requirements. The IAF Chief said if the losing companies don’t
try to “put spokes in the wheel”, the deal would be signed within his
tenure, which ends in July this year.