India to buy rescue aircraft from Japan for $1.5-$1.6 bln - Nikkei

ShinMaywa Industries

06/11/2016 02:48

TOKYO, Nov 6 (Reuters) - India's Defence Ministry will agree 
on Monday to purchase 12 amphibious rescue aircraft from 
Japanese manufacturer ShinMaywa Industries  7224.T  worth $1.5 
billion-$1.6 billion, the Nikkei news paper reported on Sunday. 
    Japan and India have been holding talks on the purchase for 
more than two years. It would one of Japan's first sales of 
military equipment since Prime Minister Shinzo Abe lifted a 
50-year ban on arms exports and it reflects growing defence ties 
between the two countries. 
    India's Defence Ministry will approve the purchase of 12 
US-2 aircraft at a Defense Acquisitions Council meeting 
scheduled for Monday, the Nikkei reporting, citing senior 
ministry officials it did not name. 
    The deal will be included in a memorandum of understanding 
to be signed during Indian Prime Minister Narendra Modi's visit 
to Japan from Thursday to Saturday, the Nikkei said, citing the 
officials. 
    During the visit, Abe will also urge Modi to expand its 
usage of Japan's high-speed train technology, the Nikkei 
reported. 
 
 (Reporting by Stanley White; Editing by Simon Cameron-Moore) 
 ((stanley.white@thomsonreuters.com; +81 3 6441 1984 
twitter.com/stanleywhite1; Reuters Messaging: 
stanley.white.reuters.com@reuters.net)) 
 
Keywords: JAPAN INDIA/