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In a bid to replace their ageing fleets, Malaysia and Egypt are looking to buy India's Tejas fighter jets.

The jets, which are used for the advance level of pilot training programme, areĀ getting a lot of inquiries after it was revealed that they cost less than $40 million per unit.

India is transforming from a buyer to a seller in the global weapons industry, which is worth more than $1.8 trillion.

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