NEW DELHI — The Indian air force (IAF) aims to spend $37 billion over the next 10 years to step up its modernization program, according to a defense official. “We are on [a] path of modernizing our assets,” says Air Marshal R.K. Sharma, IAF’s deputy chief. “In the last five-year plan [2007-12], IAF procurements were around $27 billion. We envisage [purchasing] assets worth more than $37 billion over the next two plan periods [by 2022].” The IAF is pushing to reach its approved ...
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