Almost six companies had shown interest in the revitalization process of Indian defence and aerospace industry. India is planning to restructure overall infrastructure of defence sector with the help of foreign companies. Major US companies such as giants Lockheed Martin and Boeing and European consortium EADS has also shown their keenness in the USD 2-3 billion project.

Six leading military jets manufacturing firms forwarded their proposals to the defence department of India. India also wants to buy 126 Medium Multi Role Combat Aircraft (MMRCA). French fighter maker D'assault, Russian MiG-Mapo Corporation and the Swedish company SAAB is also interested to secure this high volume project.

The Lockheed Martin is bidding for world seller F-16 Fighting Falcon air crafts. A leading global aviation company Boeing is interested to invest in of Indian aerospace industry and wants to establish strategic partnerships with Indian industries.

The IAF had floated request for proposal (RFP) in August for order of the 126 MMRCA. The companies are showing interest following new investment-friendly weapons procurement policy by the government of India.