Berliner Boersenzeitung - India approves development of prototype advanced fighter jet

EUR -
AED 4.326387
AFN 78.19835
ALL 96.430826
AMD 449.378991
ANG 2.109185
AOA 1080.272218
ARS 1708.733417
AUD 1.756017
AWG 2.120786
AZN 1.997804
BAM 1.954001
BBD 2.373016
BDT 143.977468
BGN 1.954456
BHD 0.444212
BIF 3484.392602
BMD 1.178051
BND 1.512708
BOB 8.159455
BRL 6.505552
BSD 1.178215
BTN 105.85556
BWP 15.487678
BYN 3.439034
BYR 23089.791747
BZD 2.369609
CAD 1.610407
CDF 2591.711536
CHF 0.928816
CLF 0.027195
CLP 1066.878329
CNY 8.279934
CNH 8.255384
COP 4393.952028
CRC 588.458322
CUC 1.178051
CUP 31.218341
CVE 110.163594
CZK 24.25961
DJF 209.805982
DKK 7.470068
DOP 73.852019
DZD 152.476244
EGP 56.027851
ERN 17.670759
ETB 183.310484
FJD 2.673235
FKP 0.873587
GBP 0.872694
GEL 3.163102
GGP 0.873587
GHS 13.107879
GIP 0.873587
GMD 87.76385
GNF 10297.521087
GTQ 9.026691
GYD 246.492057
HKD 9.160739
HNL 31.056412
HRK 7.53352
HTG 154.267996
HUF 388.733723
IDR 19718.210932
ILS 3.751331
IMP 0.873587
INR 105.763378
IQD 1543.479221
IRR 49625.381483
ISK 148.010164
JEP 0.873587
JMD 187.937003
JOD 0.8352
JPY 183.496109
KES 151.909262
KGS 103.020717
KHR 4722.632752
KMF 492.425511
KPW 1060.266401
KRW 1705.181097
KWD 0.361921
KYD 0.981892
KZT 605.552586
LAK 25498.420371
LBP 105507.631963
LKR 364.72427
LRD 208.537156
LSL 19.60885
LTL 3.478477
LVL 0.712591
LYD 6.376131
MAD 10.749605
MDL 19.764723
MGA 5388.017438
MKD 61.545889
MMK 2473.704608
MNT 4188.147666
MOP 9.437473
MRU 46.656053
MUR 54.131704
MVR 18.200893
MWK 2043.010729
MXN 21.112522
MYR 4.765176
MZN 75.288904
NAD 19.60885
NGN 1708.656477
NIO 43.360087
NOK 11.772672
NPR 169.369095
NZD 2.017188
OMR 0.452961
PAB 1.17821
PEN 3.964651
PGK 5.088316
PHP 69.242866
PKR 330.044093
PLN 4.213428
PYG 7984.650095
QAR 4.294547
RON 5.090828
RSD 117.449275
RUB 93.060902
RWF 1716.013119
SAR 4.418408
SBD 9.605108
SCR 16.379169
SDG 708.594159
SEK 10.799231
SGD 1.512523
SHP 0.883843
SLE 28.361599
SLL 24703.13636
SOS 672.178404
SRD 45.161159
STD 24383.268932
STN 24.477468
SVC 10.30951
SYP 13025.563162
SZL 19.592965
THB 36.625278
TJS 10.827687
TMT 4.134958
TND 3.427745
TOP 2.836464
TRY 50.476641
TTD 8.014589
TWD 37.030845
TZS 2913.845683
UAH 49.704247
UGX 4253.085017
USD 1.178051
UYU 46.047613
UZS 14199.928904
VES 339.383225
VND 30997.456395
VUV 142.709689
WST 3.285136
XAF 655.350965
XAG 0.016587
XAU 0.000264
XCD 3.18374
XCG 2.123445
XDR 0.814062
XOF 655.353744
XPF 119.331742
YER 280.906091
ZAR 19.631071
ZMK 10603.865744
ZMW 26.597404
ZWL 379.331812
  • SCS

    0.0200

    16.14

    +0.12%

  • CMSC

    0.0400

    23.05

    +0.17%

  • RBGPF

    1.0400

    81.26

    +1.28%

  • NGG

    0.1400

    77.38

    +0.18%

  • GSK

    0.0550

    48.905

    +0.11%

  • RELX

    -0.0750

    41.055

    -0.18%

  • BP

    -0.2500

    34.33

    -0.73%

  • AZN

    0.3200

    92.46

    +0.35%

  • BTI

    0.1450

    57.185

    +0.25%

  • RIO

    -0.2700

    80.7

    -0.33%

  • BCE

    0.1650

    22.895

    +0.72%

  • RYCEF

    0.2000

    15.56

    +1.29%

  • JRI

    0.0700

    13.48

    +0.52%

  • BCC

    1.3600

    74.59

    +1.82%

  • VOD

    0.0150

    13.075

    +0.11%

  • CMSD

    -0.0070

    23.013

    -0.03%

India approves development of prototype advanced fighter jet
India approves development of prototype advanced fighter jet / Photo: Idrees MOHAMMED - AFP

India approves development of prototype advanced fighter jet

India's defence minister approved on Tuesday a programme to develop an advanced fighter jet prototype, the latest push to boost local arms production, nearly three weeks after a conflict with arch-rival Pakistan.

Text size:

India, one of the world's largest arms importers, has made the modernisation of its forces a top priority in the face of tensions with nuclear-armed Pakistan and China.

Defence Minister Rajnath Singh approved the prototype of a 5th generation Advanced Medium Combat Aircraft (AMCA), the ministry said in a statement, calling it a "significant push towards enhancing India's indigenous defence capabilities".

India's Aeronautical Development Agency (ADA) -- a government agency under the Ministry of Defence responsible for aircraft design -- is "set to execute the programme through industry partnership", it added.

"This is an important step...which will be a major milestone towards aatmanirbharta ("self-reliance") in the aerospace sector".

India's arms purchases have steadily risen to account for nearly 10 percent of all imports globally in 2019-23, the Stockholm International Peace Research Institute (SIPRI) said last year.

The world's most populous nation has deepened defence cooperation with Western countries in recent years, including the Quad alliance with the United States, Japan and Australia, as it slowly shifts away from its longstanding reliance on Russian military hardware.

India signed in April a multi-billion-dollar deal to purchase 26 Rafale fighter jets from France's Dassault Aviation, adding to 36 already acquired, and replacing Russian MiG-29K jets.

But Singh has also promised at least $100 billion in fresh domestic military hardware contracts by 2033 to spur local arms production.

- Warships, missiles, planes -

This decade India has opened an expansive new helicopter factory, launched its first homemade aircraft carrier, warships and submarines, and conducted a successful long-range hypersonic missile test.

New Delhi eyes threats from multiple nations, especially Islamabad.

India and Pakistan were engaged in a four-day conflict this month, their worst standoff since 1999, before a ceasefire was agreed on May 10.

More than 70 people were killed in missile, drone and artillery fire on both sides.

Pakistan claimed its Chinese-supplied jets had shot down six Indian aircraft -- including three French-made Rafale fighters.

India has not officially confirmed any of its aircraft were lost, although a senior security source told AFP three jets had crashed on home soil without giving the make or cause.

The fighting was triggered by an April 22 attack on tourists in Indian-administered Kashmir that New Delhi accused Islamabad of backing -- a charge Pakistan denies.

India is also wary of northern neighbour China, especially since a deadly 2020 clash between their troops.

(T.Renner--BBZ)