India, Nov. 7 -- State-run plane maker Hindustan Aeronautics Ltd (HAL) on Friday announced an agreement with American defence company General Electric (GE) to procure 113 jet engines for its Tejas light combat aircraft programme.
The deal between the two firms come amid the Trump administration imposing a 50 per cent tariff on Indian goods, the highest among countries. The two countries are also in the middle of trade deal negotiations.
Under the deal, HAL would receive the F404-GE-IN20 engines for the indigenous jets, the delivery of which will begin in 2027 and continue till 2032, an HAL spokesperson said on X.
According to a report in PTI, the deal is learnt to be around USD 1 billion (roughly Rs.8,870 crore).
"Hindustan Aeronautic...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.