Xestan
SENIOR MEMBER
- Sep 25, 2009
- 2,455
- 1
- Country
- Location
A secret file related to over $11 billion deal for procuring 126 multirole combat aircraft went missing from the Defence Ministry and has been found on the roadside in New Delhi, prompting the Indian Air Force to order a probe into the incident. The secret files are related to the Offsets clause in the deal and were found on the roadside in a Delhi locality recently, IAF officials stated.
The incident comes at a time when the multi-billion dollar deal has entered the critical stage after the IAF carried out extensive flight evaluation trials of the six participating aircraft.
The IAF had submitted its report to the Defence Ministry, which has to take a final call on the deal.
Under the Offsets clause in the defence production procedure, a foreign vendor bagging any deal worth over Rs 300 crore has to invest back at least 30 per cent of the contracts worth back in Indian defence sector.
Under the M-MRCA deal, the offsets were pegged at 50 per cent of the worth of the deal.
American F-16 and F/A-18, French Rafale, Swedish Gripen, Russian MiG 35 and European Eurofighter are the six contenders participating the deal for supplying the aircraft to the IAF.
Secret IAF file found on roadside in New Delhi - Hindustan Times
