An interesting quote from Kladov, a director in Rostec.
Indo-Russian JV for Kamov choppers registered in India: Official
"We are offering a package for modernising the Su-30 aircraft. It will obtain new capabilities, it will be very close to the fifth generation aircraft in capabilities. This is a deep modernisation, everything should be changed engine, radar etc," he said.
Of course, he also goes on to say it's up to IAF if they want a full package or not. As of 2018, it was not finalised yet.
And this is from Madhavan.
India aims to export Sukhoi upgrade
The HAL chief confirmed that proposals have been discussed as recently as last month. “The configuration has not yet been finalized but the upgrade basically will include beyond visual range capability, new electronic warfare suites, an engine upgrade as well as a new radar,” Madhavan said.
So, even as of mid-2019, it wasn't finalised. However "engine upgrade" can mean anything. Either an AL-31FP++ with possibly a 1 ton thrust upgrade without changing the inlet diameter (and, of course, a new generator) or the 117S.
Well, in my book it's the 117S switch. Makes more sense. One can speculate the Russians have fixed problems on it ever since the Su-35 has been in service. The Su-30SM1 will also be in service for half a decade before the first Su-30UPG comes out. Whereas an upgraded AL-31FP++ will come with new problems. Hopefully information comes out this year.
Since an engine upgrade is planned, whether the AL-31FP is enough or not seems moot. Existing MKIs will be able to use the old engine all the way up to 2035, and get reengined with the upgraded one as they come in for overhauls sequentially.
In an unrelated subject, it appears the MKI UPG will have a new EW suite. Most likely combining an Indian ESM with some Russian emitters, including a Russian DIRCM. Don't quote me on this though, 'cause even we have our own stuff planned. And the delay is finalising the configuration could have allowed us to catch up.