Hal TEJAS Argentina Deal: Defense Minister’s Visit Sparks Intense Indian
For the past few months, speculations about the defense deal between Argentina and India are on peak. This story is making waves within Indian media. Recently, it was announced that Argentina’s defense minister would visit India. As a result of Argentina’s Defense Minister’s the expected defense deal of HAL Tejas fighter jet between the Latin American country and India has started making headlines once again. Jorge Taiana, Argentina’s Defense Minister’s visit has captivated the attention of the press and it is at its peak. Though, Indian media has left curious about the potential defense deal between the two countries. You are asked to stick with this page and go through it till the end as we have mentioned everything imperative that you need to know. Scroll down the page.
Hal TEJAS Argentina Deal
Jorge Taiana visited New Delhi on Monday, July 17, 2023. Argentina’s Defense Minister’s visit to New Delhi has fueled the speculations about the deal centers around the procurement of around 15 units of HAL Tejas Fighter Jet Mark which is an advanced light combat fighter jet designed and manufactured by Hindustan Aeronautics Limited, India’s state-owned company. The potential defense deal between India and Argentina can also include LCH (Light Combat Helicopter). Let’s unfold more details in the following sections. Swipe down the page.
The Light Combat Helicopter is an Indian creation that is supposed to be included in the negotiation talks. If it happens, it will be the first substantial defense pact between the Latin American country and the Asian country, Argentina and India. In February, Aero India 2023 event took place in Bengaluru. In this event, Hindustan Aeronautics Limited and the Argentinian Air Force signed a support agreement for Argentinian Air Force’s SA315B Lama fleet which was about to retire but now has got an extension for operation years due to this deal. Continue reading this article and learn more details.
In June, Argentina’s FAdeA inked a Memorandum of Understanding with Hindustan Aeronautics Limited at the Paris Air Show, to explore potential deals in the Maintenance, Repair, and Overhaul field. In the Latin American region’s manufactured platforms, this was aimed at satisfying any compensatory needs in the event of potential sales of Hindustan Aeronautics Limited. As per the reports, the deal between Argentina and India will be done between the currencies of the two nations, no third currency will be used in the deal. According to 2023 exchange rates, financial conjectures estimate the deal at around INR 8600 crores or USD 1.15 billion.
