The IAF had shortlisted Rafale for induction into its frontline combat fleet to replace the Soviet-era MiG-21 squadron, but the deal did not materialise for long
French President Francois Hollande and PM Narendra Modi travel by Metro to Gurgaon to attend an event yesterday. Pic/PTI
New Delhi: Prime Minister Narendra Modi yesterday said only financial details need to be worked out in finalising the much-awaited purchase of Rafale fighter aircraft from France, adding that it would be concluded soon.
Jet set go: French President Francois Hollande and PM Narendra Modi travel by Metro to Gurgaon to attend an event yesterday. Pic/PTI
ADVERTISEMENT
Modi had, during his visit to Paris last year, announced India’s intention to purchase 36 Rafale medium multi-role combat aircraft built by the French aerospace major Dassault. The deal is valued at around R60,000 crore (almost USD 9 billion).
"Only financial aspects of the Rafale deal is left. The inter-governmental agreement has been finalised. It will be done soon," the prime minister told reporters after delegation-level talks with French President Francois Hollande.
On his part, Hollande said, "We signed an inter-governmental agreement (IGA) on Rafale deal. It is a decisive step for India to purchase the fighter jets and also for France to make them available to a great country like India."
Referring to the financial aspects of the deal, he said that it would be sorted out soon.
Rs60,000 cr Total value of the Rafale deal
Subscribe today by clicking the link and stay updated with the latest news!" Click here!
