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Thursday, July 12, 2007

$10bn scramble for India's fighter deal

$10bn scramble for India's fighter deal

India's rush to ramp up its military includes the purchase of 126 multi-role jet fighters in a deal worth almost US$10 billion - the world's biggest single fighter contract. The prospect has manufacturers from the US, Russia, Sweden, France and a European consortium salivating. Their competition will be intense, as there will be only one winner of the contract. But if India's past arms procurements are anything to go by, there will also be many Indian winners - the notorious middlemen and agents whose palms have to be greased. - Siddharth Srivastava

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