Search Result for : 36 Rafale Jets Deal

The Dollar Business Bureau  The negotiations over the deal of 36 Rafale fighter jets between India and France is in its final stages, with the deal to be settled down at around Rs.65,000 crore ($9 billion), according to the sources from the Ministry of Defence.  Both the countries were hopeful of closing the strategic deal during the visit of French President Francois Hollande to India in January, but things didn’t materialise over price negotiations.  The development in the 36 Rafale combat jets deal came after the two countries managed to curtail off their differences over the matter of pricing. The sources from ministry said, “The deal is in the “final stages” yet. However, the final deal could be closed by May end, this ...

The Dollar Business Bureau India and France are likely to set up a joint committee to firm up the process of defence agreement signed between the two countries recently. The committee comprising representatives from both the countries will work towards the operationalisation of a deal agreed between the two countries over supply of 36 Rafale fighter jets to India during the recent visit of Indian Prime Minister to France, says the defence news report. And, the information regarding the constitution of the panel for the committee will likely be announced during the upcoming visit of Jean-Yves Le Drian, French Defence Minister, to India on Wednesday. The joint committee will further be instructed to ensure the early conclusion of the final negotiations regarding ...