Russian MiG is open to partnering Indian companies and will soon submit a detailed proposal to supply MiG-29K fighter jets to the Indian Navy.
“The company will soon be submitting a detailed proposal to the Indian government. We also consider transfer of technology and joint development of MiG-29 K jets with Indian companies. Such agreements would be as per the ‘Make in India’ program launched by the central government,” MiG CEO Ilya Tarasenko said in a statement Sunday.
The Indian Navy’s January 17 RFI for the procurement of 57 naval fighters could be worth US$12 billion for the selected foreign supplier.
The price of the contract has been estimated on the cost of each carrier borne jet at around US$200 million each if it were a western fighter or under US$100 million if it were to be a Russian jet.
Saab has offered its conceptual aircraft Gripen [M] (Maritime) for the Indian Navy’s in March this year. The Indian Navy has conducted trials of French Rafale, Swedish Saab Sea Gripen, Russian MiG-29K and American F-18 in July this year.
Currently, Indian Navy operates 45 MIG-29K jets which face serviceability issues from time to time. The delivery of deck based fighter jets is expected to take four-five years.