Thursday, May 28, 2015Thursday, May 28, 2015

India set to become first country since WWII to buy Japan-made military aircraft

Published on Jan 28, 2014 6:36 PM
A Japan Maritime Self-Defence Forces US-2 search-and-rescue amphibian plane, manufactured by ShinMaywa Industries Ltd, is seen in this file handout photo released by the Japan Maritime Self-Defence Forces and obtained by Reuters on November 4, 2013. Japan is looking to sell ShinMaywa US-2i planes that could be outfitted for firefighting or as a kind of amphibious hospital and cost an estimated US$110 million per unit. -- PHOTO: REUTERS 

NEW DELHI (REUTERS) - India is set to become the first country since World War II to buy a military aircraft from Japan, helping Prime Minister Shinzo Abe end a ban on weapons exports that has kept his country's defence contractors out of foreign markets.

The two countries are in broad agreement on a deal for the ShinMaywa Industries amphibious aircraft, which could amount to as much as US$1.65 billion (S$2.1 million), Indian officials said on Tuesday.

However, several details need to be worked out and negotiations will resume in March on joint production of the plane in India and other issues.

New Delhi is likely to buy at least 15 of the planes, which are priced at about US$110 million each, the officials said.

Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!