Photo: ReutersSingapore: It could be another two years before India picks the winner of the world’s biggest fighter jet order, according to a senior Boeing Co. executive. The company is a finalist in a separate competition to supply the Indian navy with 57 fighter jets. “We have gotten to know Indian industry, understand the Indian process,” Cunningham said. The tender for 110 fighter jets mandates building at least 85% of the order locally. The defence manufacturing industry is a key part of Modi’s “Make in India” policy, which aims to promote domestic manufacturing.

Source: Mint June 04, 2018 04:07 UTC