According to news agencies, the Indian Times and other media reports, India on 25 local time announced the signing of a contract worth approximately $ 7 billion, the purchase of 97 domestic design-made "glorious" fighters, the Indian Air Force has served for decades in the Soviet era made MiG-21 fighter aircraft will be retired.

The Indian Defense Ministry announced that it has signed a contract with state-owned Indostan Airlines Limited to purchase 97 MK1A lightweight fighters, including 68 fighters and 29 double-seater aircraft.

The Indian Defense Ministry added that the ordered "Glory" fighter aircraft is "the most advanced model of domestic design-made fighter aircraft" and will become the "strong platform" of the Air Force.

Agence France-Presse said that the Indian Air Force will hold an air show ceremony at a major air base in Chandigarh on Friday. This is the last flight of the MiG-21 fighter jet in service since 1960.

India is one of the world¡¯s largest arms importers, but in recent years it has made modernization of its armed forces a priority and has repeatedly pushed to boost its arms production capacity.