Narendra Modi on Rafale deal: Only financials remain

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

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
Jet set go: French President Francois Hollande and PM Narendra Modi travel by Metro to Gurgaon to attend an event yesterday. Pic/PTI

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

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