India’s Advanced Medium Combat Aircraft program has drawn no private consortium bids for its Full-Scale Engineering Development phase, prompting the Aeronautical Development Agency to extend the Expression of Interest deadline from August 31, 2025, to September 30, 2025, amid industry caution over unclear margins, high risk, and technical complexity, even as the project remains vital to bolster the Indian Air Force’s squadron strength and counter regional fifth‑generation fighters. The government’s execution model envisages an SPV combining ADA, HAL, and private players, with an outlay of about ₹15,000 crore for prototypes, testing, and certification, and targets prototype rollout and first flight around 2028–29, with induction envisaged in 2034–35 if timelines hold. In a significant development for participation, Adani Defence & Aerospace announced plans to submit a response by the September 30 deadline, with CEO Ashish Rajvanshi stating the company will bid under the current EoI window and acknowledging a roughly 10‑year development arc leading to potential serial production post‑induction