India says talks on Rafale jet deal in final stage
Negotiations for India to buy 36 French Rafale fighter jets are nearing the finish line, the Indian defence ministry said, with sources announcing the fee shall be set at around $9 billion.
Both sides had hoped to wrap up the strategic order during President Francois Hollande’s visit for India’s Republic Day get together in January, however hard bargaining on rate stalled a final result.
France, India signal Rafale agreement, no deal on cost
A ministry source said the price agreed for the Dassault Aviation jets was round 600 billion rupees, despite the fact that a spokesperson declined to affirm this on the report.
“Negotiations are in the ultimate stage. Nothing has been concluded up to now,” the spokesperson said late on Friday.
Dassault also declined comment. The cost named is greatly beneath that at the beginning sought by way of the French aircraft maker. There had been several leaks to the Indian press over contemporary months that a deal had been reached that proved to be premature.
Hollande and top Minister Narendra Modi intervened in the stricken Rafale procurement final 12 months, ordering government-to-executive talks after commercial negotiations with Dassault had collapsed.
The leaders agreed to minimize an common plan to purchase 126 Rafale planes to just 36 in fly-away to fulfill the Indian Air force’s urgent needs as it faces an assertive China and long-time foe Pakistan.
Hollande begins India talk over with, says jet deal will take time
The ninety planes now not provided through the customary multi-function combat plane smooth have in the meantime emerge as the goal of extreme curiosity from other airplane makers.
Lockheed Martin Corp pitched its F-sixteen fighting Falcon and Boeing Co its F-18 tremendous Hornet to Indian officers earlier than US safety Secretary Ashton Carter’s latest shuttle to New Delhi.
Both are offering to switch creation to help Modi’s ‘Make in India’ pressure to boost India’s industrial base and lower its import wishes. India is the world’s biggest customer of international arms.
The Carter seek advice from made growth in the direction of ‘foundational’ agreements to reinforce the partnership with India and permit for technological know-how transfer while protecting the mental property of US defence contractors.