India's deal for acquisition of 36 Rafale fighter jets from France in final stages

Three Rafale M jet fighters (up) and an E2C (bottom) aircraft fly during the annual Bastille Day military parade on the Champs-Elysees avenue in Paris. Photograph:( AFP )

WION New Delhi, Delhi, India Sep 12, 2016, 01.19 PM (IST)
India is all set to buy 36 Rafale fighter jets from France with the deal being in its last stages of finalisation, Reuters reported.

Indian government sources said that final points of the multi-billion euro deal are being worked out. Last month, the Indian prime minister’s office had sought some clarifications on the life cycle costs and unit price of the aircraft from the defence ministry.

French sources said that they are expecting positive developments over the deal this month.

The deal is expected to be worth 7.89 billion euros including the weapon systems with new-age beyond visual range missile, Meteor and Israeli helmet mounted display.

The price of the deal is reported to have been brought down considerably owing to India’s negotiations and discounts by the French government.

(WION with inputs from agencies)