The big news for Hindustan Aeronautics Limited is that Argentina is showing interest in India’s indigenous TEJAS fighter jet. Yes, the two countries are expected to sign an agreement very soon. Reports have also indicated that Argentina and India are likely to trade in local currencies. Many months have passed since it came to light that India and Argentina agreed to strengthen ties to increase trade and defense. Now, recent reports have claimed that the defense deal between the two countries for the Tejas Fighter Jet is about to go through soon. We have detailed the imperative points to withdraw from the deal. You are requested to stick to this page and review it to the end. Scroll down the page and take a look below.
Aircraft Texas Argentina
Sources close to HAL stated that a defense deal between India and the Latin American country for 15 HAL Tejas fighter jets may be signed in the coming days. Zee Business also posted the same. Earlier, the Latin American country showed interest in indigenously made aircraft from India, Texas, which is being developed under the Make in India campaign for its Air Force. When the two countries discussed increasing their defense and trade, a joint press release was issued after the Joint Commission Meeting.
JCM issued: “EAM, recognizing the Argentine interest in the TEJAS Made in India fighter plane for the Argentine Air Force, highlighted the importance of the proposal to improve the strategic quotient of the bilateral relationship.” For the uninitiated, the Joint Commission meeting was held between India’s Foreign Minister Dr. S Jaishankar and Argentina’s Foreign Minister Santiago Cafiero. However, Argentina is not the only country interested in LCA aircraft manufactured by HAL, as Australia, the United States, the Philippines, Egypt and Indonesia have also shown interest. Scroll down the page and read more details.
But the Latin American country, Argentina, is the first country to show interest in the Tejas single-engine light supersonic Indian fighter jet. The reports suggested that India and Argentina have agreed to “request central banks to carry out studies for the development of a local currency payment mechanism” so that the deal can be made between the currencies of the two nations. No third currency is needed to be used in this deal. Previously, India used the Rupee-Rial and Rupee-Ruble mechanisms to trade with Iran and Russia, respectively. Stay tuned to this website for more details.
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Source: vtt.edu.vn