India-Rafale Deal Could Be Concluded By March 2015, Says Dassault CEO
11:10 AM, November 6, 2014
Eric Trappier, Chief Executive of Dassault Aviation.
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 projects ‘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 Forces Su-30s in June.
“The Rafale is like a Swiss knife — it can do everything,” said Frances 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.
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...
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...
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...
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
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.
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...
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...
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...