India is reportedly set to sign one of the largest-ever fighter jet contracts, worth Rs 66,500 crore, for 97 Tejas Mark-1A aircraft with Hindustan Aeronautics Limited (HAL) on Thursday, a report by TOI said. The mega 97-jet contract for the fourth-generation Tejas could be inked, just a day ahead of the retirement of 36 old MiG-21s that will reduce the IAF to its all-time low of 29 fighter squadrons (each has 16-18 jets). Â
