Formal conclusion of the Euro 7.87 billion Indo-French Deal to Buy 36 Rafale fighters could be close at hand as a French working team has arrived in the Indian capital.
The "working team" from France is already in town with their own translators and are going through the contract, running into several thousand pages, with their Indian counterparts, French sources were quoted as saying by India TV Thursday.
The deal is in the final stages of signing and work is now on the Inter-Governmental Agreement for the deal.
The sources said that once the IGA is firmed up, the document will go back to the Cabinet Committee on Security for a final clearance.
They said that India has been able to save over Euro 590 million through tough price negotiations which began in January this year.
Though the deal could have been firmed up earlier, issues like pricing and offsets took time as India wanted a better contract.
Details are emerging on a previously undisclosed part of the deal, which will see India acquiring the Meteor air-to-air missile for the aircraft.
Prime Minister Narendra Modi had announced that India would be acquiring 36 Rafale fighter jets from France in an off-the-shelf purchase when he visited France in April last year. Deliveries of the fighter are likely to begin in 2019. Sharp differences between Indian and French price negotiators meant that neither side was able to achieve a breakthrough till now.
India has started work on new Inter-governmental agreement (IGA) with France, following the finalization of 7.3 billion Euros (US$8
The Indian Cabinet Committee on Security (CCS) is set to approve the closure of negotiations between the Indian defense ministry and Dassault to buy 36 rafale fighters. The settled price for the fighter aircraft is about 7
The Indian defense ministry has cleared the multi-billion euro deal to purchase 36 Rafale fighters and has sent the file to the Prime Ministers office for final clearance. The Council had last month reviewed the deal and directed the Indian negotiating team to submit its report "expeditiously"
PIRIOU, KERSHIP and DCNS have won a French Navy contract to provide two more offshore support and rescue vessels (BSAH). The two ordered today will be delivered in 2019, the French defense procurement agency announced today
Fresh from signing a contract to supply 36 Dassault Rafale jets to India, France is looking at Malaysia as the next possible buyer of its multi-role fighter. Malaysia and Canada have competitions to acquire new fighter aircraft in which Dassault is a bidder but Dassault CEO Eric Trappier is more optimistic on the Asian country
The French Defense Minister Jean Yves Le Drian is likely to visit India to conclude the Inter-Governmental Agreement (IGA) between India and France for the purchase of 36 Rafale fighter jets next week. Le Drian is expected to arrive on September 23 in Delhi to conclude the IGA,
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