PRICING OF EQUIPMENT PROVIDED BY DEFENCE PSUS
It has been reported that the Ministry of Defence has set up a committee to audit the high cost of Tejas Mark 1A quoted by Hindustan Aeronautics Limited (HAL). In April 2018, HAL quoted ` 463 crore per jet for a total of 83 aircraft. Compared to this, HAL supplies the Russian Sukhoi fighter, which it assembles at Nashik, at ` 415 crore whereas ex-Russia it costs ` 330 crore. The Swedish Gripen was offered to India for ` 455 crore and the F-16 for ` 380 crore. Both these aircraft were to be made in India if selected. The Tejas Mark1 was
as a world space player successfully competing with both other state and private-sector space actors.