India and France have inked a Inter-Governmental Agreement on the multi-billion dollar 36 Rafale fighter deal.
“Leaving out financial aspect, India and France have signed IGA on purchase of 36 Rafale fighter jets,” Indian Prime Minister Narendra Modi said at the press briefing after the MoU for the fighters was signed with French President Francois Hollande Monday.
“We expect that even the financial aspects pertaining to purchase of Rafale jets will be resolved as soon as possible,” he added.
Hollande said that the financial issues over the Rafale aircraft deal will be resolved in a "couple of days".
The contract is still to be finalized based on the financial negotiations. "This is a political agreement opens the possibility of concluding trade negotiations. In India, the stateis very present. If there was no agreement among governments, there would be no agreementbetween industries," the French Minister of Finance, Michel Sapin was quoted as saying by French news daily LeMonde Sunday.
"The state (India) apparatus is quite fragmented. When you have an agreement for a branch of government that does not mean that you have the agreement of all the branches. The process is extremely complex and slow. There is no anomaly, but we are faced with a government that consults minister after minister and each reinstruct administration while at the base,” a senior defense official was quoted as saying by the news daily.
Refering to the negotiation process, Le Monde newspaper whose correspondent is accompanying the French President, reported, "Hollande is counting on Le Drian to advance in the meanders of a political, military and bureaucratic system where there is.," according to a French official, "the dictatorship of the rubber stamp ".
Quotes from Le Monde newspaper have been translated from French.
There is no certainty that the Indo-French Government to Government multi-billion dollar Rafale fighter deal will be signed during the French Presidents visit to New Delhi next week. "The discussions are taking place at present
India may consider the naval variant of Dassault Rafale for its navys carrier operations. The government wants commonalities between logistics and spares for fighters with the Navy and Air Force, Defense News cited an unnamed defense ministry source as saying Tuesday
Dassault has recorded more sales of its Rafale fighter jets than the business class Falcon aircraft in 2015. Dassault has sold 48 Rafale split evenly between Qatar and Egypt whereas it won orders for 45 Falcon corporate jets in 2015
France has signed more than US$55 billion in large defence deals this year making one of the most lucrative periods in the countrys history of defence exports. State owned firm DCNS today signed US$ 37 billion contract with Australian government in industrial town of Adelaide for 12 diesel-electric submarines
France has delivered three more Rafale fighter jets to Egypt of the 24 it bought in February last year. Egypt received its first three rafale fighters in July last year
India has sought for a fresh price quote from France on the purchase of 36 Dassault Rafale Fighters which is lower than US$ 9 billion which has been talked about earlier. This could mean the deal is back to square one as fresh price quote will mean the entire process will have to negotiated afresh, The Tribune News Daily reported Thursday
Dassault Aviation on Monday said that it actively supports the French authorities in finalizing a full accord in the sale of 36 fighters to New Delhi in four weeks. The Indo-French inter-governmental agreement on the sale of the fighters was signed on Monday
Indian Air Force has stressed for a decision from Defense Ministry over the $2 billion acquisition of six Airbus 330 Mid Air Refuelling Aircraft or tankers. The IAF wants the A-330 MRTT deal to be inked at the earliest to boost strategic reach of its fighters and bombers
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