It should be noted that the after intense and prolonged negotiations between the IAF and the HAL, the deal's size has been slashed from the erstwhile Rs 56,500 crore to Rs 39,000 crore. The overall reduction in price will enable the IAF to use the saved sum of over Rs 17,000 crore for other developments.
The deal having been signed by HAL and the IAF, it now only awaits the final nod from the Cabinet Committee on Security (CCS) which is headed by the Prime Minister (PM) Narendra Modi himself. The CCS is expected to hive its final nod in this fiscal itself, which ends on 31 March.
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