IAF CAPEX as per the Union Budget has increased from INR 48,000 cr to INR 63,000 cr. That's an increase of INR 15,000 cr. Not even 2 billion USD .
Looking at the list of items IAF desires wonder how exactly is an increase of INR 15000 cr going to suffice .In terms even Hydrocele would understand that means no Rafales next financial year unless of course special budgetary provisions are made which I highly doubt given the paper work itself should take a couple of years before the IGA is inked.
Hell I'm not even sure the IGA for the 120 KN TF will go through . Guess both these IGA's will be signed simultaneously for obvious reasons . Nor is there any news on the agreement for the local mfg / assembly of the F-414 . Real rock n roll times ahead .
Incidentally infrastructure CAPEX has gone up to INR 12.2 lakh cr from ~ INR 11.2 lakh cr for the next financial year.