India and France are all set to sign the deal for 36 Dassault Rafale fighter jets on the event of French President François Hollande’s visit to India for the Republic Day celebrations on January 25, 2016.
Defence Minister Manohar Parrikar is keeping fingers crossed that India will negotiate price upto 25 per cent less. The 4.5 generation advance fighter jet will cost India 75 million euro per piece instead of 105 million euro which was quoted earlier.
The delivery of all 36 fighters to the Indian Air Force (IAF) will be completed within seven years of signing the deal.
The draft contract has been finalized, which envisages delivery of the first fighter within 36 months of signing the deal.
This defence deal will be a big statement for India-France strategic ties in the times to come. At the same time, the Indian government hopes to tide over the shortage of fighter jets in the IAF.
Source: India Today