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Over the past few months, speculation about a defense deal between Argentina and India has been at its peak. This story is making waves in Indian media. Recently, it was announced that the Argentine Defense Minister will visit India. Due to the signing of the contract by the Argentine Defense Minister for HAL Tejas fighter jets, the expected contract between the Latin American country and India is once again starting to make headlines. Jorge Taiana, the visit of the Argentine Defense Minister has attracted press attention and is at its peak. However, Indian media is still curious about the potential defense agreement between the two countries. You are requested to follow this page and go through it completely as we have covered everything mandatory that you need to know. Scroll down the page.
Hal TEJAS Argentina Agreement
Jorge Taiana visited New Delhi on Monday, July 17, 2023. The visit of the Argentine Defense Minister to New Delhi has raised speculations about the deal centers around the procurement of about 15 aircraft HAL Tejas Fighter Jet Mark, an advanced light combat aircraft designed and manufactured by Hindustan Aeronautics Limited, an Indian state-owned company. The potential defense deal between India and Argentina could also include LCH (Light Combat Helicopter). Let’s learn more in detail in the following sections. Swipe down the page.
Light combat helicopters are an innovative Indian product that is expected to be included in the negotiations. If that happens, this would be the first significant defense pact between the Latin American country and Asian countries Argentina and India. In February, the Aero India 2023 event took place in Bengaluru. During the event, Hindustan Aeronautics Limited and the Argentine Air Force signed a support agreement for the SA315B Lama squadron of the Argentine Air Force, which was about to retire but has now been extended many more years of operations thanks to this agreement. Continue reading this article and learn more details.
In June, Argentina’s FAdeA signed a Memorandum of Understanding with Hindustan Aeronautics Limited at the Paris Air Show, to explore potential agreements in the areas of Maintenance, Repair and Overhaul. For platforms manufactured in the Latin American region, this is intended to cover any compensation needs in the event Hindustan Aeronautics Limited has sales potential. According to reports, the deal between Argentina and India will be done in the currencies of the two countries, with no third currency used in the deal. According to 2023 exchange rates, financial estimates estimate the deal at around INR 8600 crores or USD 1.15 billion.
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