India to induct 3-4 Tejas jets in 2016: Parrikar
Defence Minister Manohar Parrikar on Friday said that India will induct three to four indigenously developed Light Combat Aircraft Tejas in 2016 and eight squadrons in eight years. Parrikar also informed the Lok Sabha that India's share in global arms imports has reduced from 15% to 14%, bringing down India's arms import bill to ₹24,900 crore from ₹35,000 crore.