New Delhi’s ‘Make in India’ Soars with Landmark $7.4 Billion Fighter Jet Deal
India Clears 97 Locally Made Tejas LCA Mk1A Fighter Jets for Air Force in $7.4 Billion Deal: NEW DELHI – In a significant move set to redefine India’s defence manufacturing landscape, the government has given its final clearance for the acquisition of 97 indigenous LCA Mark 1A fighter jets for the Indian Air Force (IAF). The deal, valued at approximately $7.4 billion (Rs 62,000 crore), marks a major victory for Prime Minister Narendra Modi’s ‘Make in India’ and ‘Atmanirbhar Bharat’ (Self-Reliant India) initiatives, bolstering the nation’s push for self-reliance in the aerospace sector.