India on Friday signed a 7.8 billion Euro deal with France to acquire 36 Rafale fighter jets, which come equipped with cutting edge long-range missiles such as ‘Meteor’ and ‘Scalp’. French Defence Minister Jean Yves Le Drian arrived in New Delhi on Thursday night to ink the deal, along with the CEO of Dassault Aviation, the makers of Rafale jets.
The deal was signed by Defence Minister Manohar Parrikar and Le Drian sixteen months after Prime Minister Narendra Modi announced India’s
plans to buy 36 Rafale fighter aircraft in fly away condition during his trip to France.
The deal comes with a saving of nearly 750 million Euros than the one struck during the previous UPA government, which was scrapped by the Narendra Modi government, besides a 50 per cent offset clause. The delivery of the combat aircraft will begin in 36 months and will be completed in 66 months from the date the contract is inked.
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