Russia offers India to sell 21 used Mig – 29s at a very cheap price. The Indian government would be very cautious to take a decision of purchasing these 21 fighter jets. India needs to draw parallel from the deal of buying aircraft carrier Admiral Gorshkov. Russia offered this aircraft carrier free of cost to India, only refurbishment cost was there, which was decided at $950 million. But as soon as the work started, the cost also kept on increasing. Finally India had to pay $2.4 billion, so India ended up paying almost $1.3 billion more than the decided cost. The aircraft carrier was delivered almost five years after the scheduled delivery time.
India will be deeply analysing the proposal of Russia. The Russian government offered a price of $25 million- $30 million for each aircraft, which is almost 30% of the new aircraft. The Indian government would also be considering the hidden cost. The Indian Air Force (IAF) is having Mig -29 UPG in its inventory, but The Russian Migs are different from the one’s the IAF is possessing. India has also rejected the Russian offer to co-develop fifth generation fighter jet because of the high cost involve in it.
Currently The IAF is facing shortage of Fighter squadrons. The Indian Air Force has only 34 fighter squadron against the authorised strength of 42 squadrons. It will reduce further as Migs will be retiring over the next few years. To tackle the shortage and to encounter the joint threat from China and Pakistan, the IAF has initiated a process on Friday to buy 110 fighter jets. Request for Information (RFI) was issued to seek tenders from the companies interested to sell fighter jets to India. Lockheed Martin’s F-16 Block 70, SAAB’s Gripen, Dassault Aviation’s Rafale and Boeing’s F-18 Super Hornet are the main contenders in the race to get $15 billion mega defence deal.