The Indian MMRCA deal with Dassault is expected to be concluded by the end of this fiscal year, according to Dassault Aviation CEO Eric Trappier.
The final phase of exclusive negotiations on the contract, estimated at $15 billion, should conclude within India's current budget year ending in March 2015, Trappier told reporters in Paris, according to local media.
Dassault won the MMRCA deal to supply 126 fighters to India in 2012 after lodging a lower bid than Eurofighter for a tender with an estimated value of $12 billion.
Negotiations between India and France have been dragging for over two years since the French company was declared the finalist in the $11 billion program to purchase the Rafale fighter planes.
Dassault has had reservations over HAL's capacity to absorb complex technology and wanted to rope in other private sector companies for manufacturing the jets in India. However, New Delhi has always maintained that HAL would remain a lead player.
Offset hurdles have been the major road block to signing the deal. In 2013, Dassault wrote to the Indian MoD demanding it be given the overall responsibility of the project and clearly identify HALs role.
Despite the ministry asserting that HAL would act as the project’s ‘lead-integrator’ as per the terms of the RFI issued in 2007, Dassault in its letter insisted that it be given the freedom to decide on the quantum of work to be shared between companies.
According to the original terms, 18 of the 126 planes are to be purchased directly from Dassault, while HAL will manufacture the other 108 under a licence at an upcoming facility in Bangalore.
The Rafale showcased its capabilities to the Indian Air Force while participating for the first time in the Garuda V exercises against the Indian Air Force’s Su-30s in June.
“The Rafale is like a Swiss knife — it can do everything,” said France’s ambassador Francois Richier told reporters during the exercise.
With no end in sight for the negotiations between the Indian MoD and Dassault over the purchase of the Rafale fighter, Rosoboronexport and Eurofighter have offered price drops to swing the deal their way. Some official word was expected from the Indian MoD about the Medium Multi-Role Combat Aircraft (MMRCA) during the last meeting of the Defence Acquisition Council
The $22 billion fighter aircraft deal between India and Dassault is close to being inked, Indian Air Force Chief (IAF) Arup Raha said Wednesday. Raha said a deadline for finalization of the deal had not been set but added "it`s going to happen soon"
Indias long-awaited MMRCA project with Dassault could be affected in the wake of New Delhis decision to stay all future projects with Finmeccanica, its subsidiaries and affiliates. Finmeccanica holds a 25 per cent share in MBDA, a joint venture with EADS (now Airbus) and BAE Systems, which is pitching its Meteor air-to-air missile to India as a weapon for its planned fleet of 126 Rafale fighters
Britain still eyeing the MMRCA fighter jet deal.Britian still believes it can override the Frances Rafale multi-billion dollar combat jet bid with Eurofighter
Indias $20 billion deal to buy Rafale fighter jets may not conclude this financial year as negotiations are still to be completed without which budgetary provision cannot be made. The Indian budget for fiscal 2014-15 is scheduled for July during which a higher allocation for defence as compared to last year could be made
Dassault Aviation has recorded a 20% downfall in sales last year. However, the manufacturer of the Rafale fighters and Falcon business jets announced an increase of 11% in order intake in 2014, bringing its backlog 8
India may order more Su-30MKI fighters as the squadron strength of the Indian Air Force (IAF) has dipped to 25 and negotiations with Dassault over Rafale fighter sale tether on the brink of collapse. For the first time since negotiations with Dassault began three years ago, Indian MoD officials have been quoted by various local media that there is the real possibility of the talks collapsing
A French delegation is likely to visit India again this month to discuss about the much-delayed multi-billion dollar contract on 126 Rafale fighter aircraft, as India is considering buying more Russian Su-30MKI warplanes in case the deal falls through. Recalling his discussions with his French counterpart last month, Defence Minister Manohar Parrikar said talks are on over the deal
Indias $20 billion medium multi-role combat aircraft (MMRCA) project for 126 Rafale fighters that is reportedly stalled in the final stages will be the crux of discussions when French Defence Minister Jean-Yves Le Drian calls on his Indian counterpart Manohar Parrikar on his three day visit to New Delhi next week. There hasnt been much progress in the stalled MMRCA deal for the last one year
Dassault systems announced today that it has renewed its ongoing technical partnership with Solar Impulse to develop the next phases of the solar-powered, round the world airplane project. The Solar Impulse 2 airplane uses Dassault Systems 3DEXPERIENCE platform, including its CATIA and ENOVIA applications, to design, build, and validate this second solar airplane
India and Russia are participating in joint drills at the Aviaindra-2014 starting today at the Halwara air base in northwest India. Russian Defense Ministry spokesperson Col
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