India to open bids for $11 bln fighter jets deal


NEW DELHI (Reuters) - The Indian government will open bids on Friday for a $11 billion contract to buy fighter jets for India's air force, a defence ministry source said, moving closer to awarding one of the world's biggest arms contracts to one of two European groups.

Two European contenders are left in the race to sell India 126 fighter jets and help revamp the country's creaking defence equipment in line with its rising global clout. American, Russian and Swedish bids were rejected in April.

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