The big news for Hindustan Aeronautics Limited is that Argentina is showing interest in India’s indigenous TEJAS fighter jet. Yes, the two countries are expected to sign the agreement very soon. The reports also indicate that Argentina and India are likely to trade in local currencies. Many months have passed since news broke that India and Argentina agreed to strengthen ties to boost trade and defense. Recent reports claim that a defense agreement will soon be reached between the two countries for the Tejas Fighter Jet. We have outlined in detail the key points that need to be verified from the contract. You are requested to stick to this page and review it to the end. Scroll down the page and see below.
Aircraft Texas Argentina
Sources close to HAL said a defense contract could be signed between India and the Latin American country for 15 HAL Tejas fighter jets in the coming days. The same was reported by Zee Business. Previously, the Latin American country had shown interest in the indigenously built Indian Tejas aircraft developed under the Make in India campaign for its Air Force. When the two countries discussed increasing their defense and trade, a joint press release was issued after the Joint Commission meeting.
The JCM announced: “EAM, recognizing Argentina’s interest in TEJAS Made in India fighter jets for the Argentine Air Force, highlighted the importance of the proposal to improve the strategic quotient of bilateral relations.” For the uninitiated, a joint commission meeting was held between the Foreign Minister of India, Dr. S. Jaishankar, and the Foreign Minister of Argentina, Santiago Cafiero. However, Argentina is not the only country interested in LCA aircraft manufactured by HAL, as Australia, the United States, the Philippines, Egypt and Indonesia have also shown interest. Scroll down the page to read more details.
But the Latin American country, Argentina, is the first country to show interest in the Tejas de India single-engine supersonic light fighter jet. The reports suggested that India and Argentina have agreed to “request central banks to carry out studies to develop a local currency payment mechanism” so that an agreement can be reached between the two nations’ currencies. You don’t need a third currency in this business. Previously, India used the Rupee-Rial and Rupee-Ruble mechanisms to trade with Iran and Russia, respectively. Stay tuned to this website for more details.
Categories: Trends
Source: HIS Education