• Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy
Social icon element need JNews Essential plugin to be activated.
Tuesday, April 28, 2026
Daily The Business
  • Login
No Result
View All Result
DTB
No Result
View All Result
DTB

India clears military purchases worth $25 billion to buy aircraft, Russian S-400 missile systems

March 28, 2026
in Markets
India clears military purchases worth $25 billion to buy aircraft, Russian S-400 missile systems

NEW DELHI: India approved proposals worth $25 billion on Friday to buy transport aircraft, Russian S-400 missile systems and remotely piloted strike aircraft as it pushes its military modernisation and replenishes equipment after its conflict with Pakistan.

The decision comes on the back of another major approval last month worth $40 billion to purchase more French Rafale fighter jets for the air force and Boeing P-8I reconnaissance aircraft for the navy.

Friday’s approvals also covered purchases of armoured piercing tank ammunition, gun systems and aerial surveillance systems for the army, increasing the life of the Sukhoi-30 fighter jets operated by the air force, and hovercraft for the coastguard, a statement from the defence ministry said.

Separately, the ministry also signed a 4.45 billion rupees ($47 million) contract on Friday with Russia’s JSC Rosoboronexport to acquire Tunguska air defence missile systems for the army.

Trump continues to troll India, claims 8 warplanes shot down in Pakistan-India conflict

In all, India has approved 55 proposals worth 6.73 trillion rupees ($71 billion) and signed contracts for another 503 proposals amounting to 2.28 trillion rupees in the fiscal year ending March 31, the statement said, adding that both were the highest in a fiscal year.

Modernising soviet-era equipment

India is the world’s fifth-largest military spender and the second-largest arms importer after Ukraine, according to latest data from the Stockholm International Peace Research Institute.

It has for decades been modernising its mostly Soviet-era equipment and increasingly looking to new sources including France, Israel, the United States and Germany. In recent years, it has pushed to manufacture everything from guns and drones to fighter jets and submarines at home, either on its own or in collaboration with foreign partners.

DG ISPR outlines military response to Indian aggression

India’s ties with China have also been testy and they were locked in a military stand-off in the Himalayas for more than four years before they agreed to pull back in 2024 and repair relations.

Tags: IndiaINDIA RUSSIAPakistanS 400 missile systems
Previous Post

Study highlights uneven global impact of generative artificial intelligence on jobs

Next Post

Gold price per tola drops by Rs1,000 in Pakistan

American Dollar Exchange Rate
Write us: info@dailythebusiness.com

© 2021 Daily The Business

Social icon element need JNews Essential plugin to be activated.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result

© 2021 Daily The Business

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Hacklink Satın Al