For the past few months, speculation about a defense deal between Argentina and India has been raging. This story is making waves in the Indian media. It was recently announced that the Argentine Defense Minister will visit India. As a result of Argentina’s defense minister, the long-awaited defense deal for the HAL Tejas fighter jet between the Latin American country and India has started making headlines again. The visit of the Argentine Defense Minister, Jorge Taiana, has drawn the attention of the press and is at its peak. Still, the Indian media remained curious about a potential defense deal between the two countries. You are requested to stick to this page and go through it till the end as we have mentioned all the most important things that he needs to know. Scroll down the page.
Hal Agreement TEXAS Argentina
Jorge Taiana visited New Delhi on Monday, July 17, 2023. The visit of the Minister of Defense of Argentina to New Delhi generated speculation about a deal to acquire around 15 units of the HAL Tejas Fighter Jet Mark, which is an advanced light combat aircraft. designed and manufactured by Hindustan Aeronautics Limited, an Indian state-owned company. A possible defense deal between India and Argentina may also include an LCH (Light Combat Helicopter). Let’s find out more details in the following sections. Scroll down the page.
The light combat helicopter is an Indian creation that should be included in the negotiations. If it happens, it will be the first significant defense pact between a Latin American country and an Asian country, Argentina and India. In February, the Aero India 2023 event was held in Bangalore. In this case, Hindustan Aeronautics Limited and the Argentine Air Force signed a support contract for the Argentine Air Force SA315B Lama fleet that was about to be retired but has now been extended for years of operation due to this contract. Continue reading this article for more details.
In June, Argentina’s FAdeA signed a Memorandum of Understanding with Hindustan Aeronautics Limited at the Paris Air Show to explore potential business in the field of maintenance, repair and overhaul. On platforms produced in the Latin American region, this was aimed at meeting all compensation needs in the event of a potential sale to Hindustan Aeronautics Limited. The Argentina-India deal will reportedly take place between the currencies of the two nations, with no third currency being used in the deal. At 2023 exchange rates, financial assumptions value the deal at around INR 8,600 crores or USD 1,150 million.
Categories: Trends
Source: HIS Education